Freestone Capital Holdings LLC Increases Position in Alphabet Inc (GOOGL)

Freestone Capital Holdings LLC lifted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,969 shares of the information services provider’s stock after buying an additional 19 shares during the period. Freestone Capital Holdings LLC’s holdings in Alphabet were worth $1,831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp grew its position in shares of Alphabet by 1.2% in the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after buying an additional 142,214 shares during the last quarter. Legal & General Group Plc grew its position in shares of Alphabet by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 1,441,831 shares of the information services provider’s stock worth $1,340,528,000 after buying an additional 42,001 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Alphabet by 7.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,316,448 shares of the information services provider’s stock worth $1,223,875,000 after buying an additional 85,800 shares during the last quarter. Swiss National Bank grew its position in shares of Alphabet by 3.4% in the 2nd quarter. Swiss National Bank now owns 1,103,089 shares of the information services provider’s stock worth $1,025,520,000 after buying an additional 36,300 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Alphabet by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock worth $1,017,719,000 after buying an additional 8,375 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc (GOOGL) opened at $1,032.72 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market capitalization of $715,110.00, a PE ratio of 33.88, a price-to-earnings-growth ratio of 1.70 and a beta of 0.90. Alphabet Inc has a 1 year low of $773.53 and a 1 year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the business posted $9.06 earnings per share. sell-side analysts expect that Alphabet Inc will post 32.34 EPS for the current year.

Several equities research analysts recently weighed in on GOOGL shares. CIBC restated an “outperform” rating and set a $1,180.00 price target (up from $1,050.00) on shares of Alphabet in a research report on Friday, October 27th. Pivotal Research restated a “hold” rating and set a $970.00 price target on shares of Alphabet in a research report on Friday, October 13th. UBS restated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research report on Friday, September 8th. Citigroup restated a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Robert W. Baird restated an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,089.17.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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