Alphabet Inc. (NASDAQ:GOOGL) Stock Holdings Lowered by Ziegler Capital Management LLC

Ziegler Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 41.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,239 shares of the information services provider’s stock after selling 21,028 shares during the quarter. Alphabet accounts for approximately 1.7% of Ziegler Capital Management LLC’s holdings, making the stock its 4th biggest holding. Ziegler Capital Management LLC’s holdings in Alphabet were worth $44,318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. BlackRock Inc. boosted its holdings in Alphabet by 2.2% in the second quarter. BlackRock Inc. now owns 20,565,856 shares of the information services provider’s stock valued at $29,163,413,000 after acquiring an additional 445,690 shares in the last quarter. State Street Corp boosted its holdings in Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,689,009 shares of the information services provider’s stock valued at $13,582,044,000 after acquiring an additional 45,599 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Alphabet by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 3,509,469 shares of the information services provider’s stock valued at $4,976,599,000 after acquiring an additional 439,638 shares in the last quarter. Morgan Stanley boosted its holdings in Alphabet by 4.6% in the first quarter. Morgan Stanley now owns 2,573,124 shares of the information services provider’s stock valued at $2,989,841,000 after acquiring an additional 114,032 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Alphabet by 2.5% in the second quarter. Fisher Asset Management LLC now owns 1,532,140 shares of the information services provider’s stock valued at $2,172,652,000 after acquiring an additional 37,689 shares in the last quarter. 33.78% of the stock is currently owned by institutional investors.

GOOGL has been the topic of a number of research reports. Guggenheim boosted their target price on shares of Alphabet from $1,580.00 to $1,725.00 and gave the company a “buy” rating in a report on Friday, July 31st. Royal Bank of Canada boosted their target price on shares of Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a report on Friday, July 31st. KeyCorp initiated coverage on shares of Alphabet in a report on Monday, September 14th. They set an “overweight” rating and a $1,955.00 target price on the stock. Mizuho boosted their target price on shares of Alphabet from $1,650.00 to $1,750.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley boosted their target price on shares of Alphabet from $1,760.00 to $1,800.00 and gave the company an “overweight” rating in a report on Thursday, September 24th. Three investment analysts have rated the stock with a hold rating and forty-three have given a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,686.58.

Shares of Alphabet stock opened at $1,632.98 on Friday. The firm has a market cap of $1,110.69 billion, a P/E ratio of 35.91, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.02. Alphabet Inc. has a 12 month low of $1,008.87 and a 12 month high of $1,726.10. The stock’s fifty day moving average price is $1,508.29 and its 200-day moving average price is $1,448.76.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The company had revenue of $31.60 billion for the quarter, compared to the consensus estimate of $30.58 billion. Analysts forecast that Alphabet Inc. will post 44.93 earnings per share for the current year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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