Alphabet Inc (NASDAQ:GOOGL) Stock Holdings Lifted by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

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United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,775 shares of the information services provider’s stock after buying an additional 4,059 shares during the period. Alphabet comprises about 8.0% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 2nd largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Alphabet were worth $66,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Lodestar Investment Counsel LLC IL lifted its position in shares of Alphabet by 0.8% during the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 4,547 shares of the information services provider’s stock valued at $4,923,000 after buying an additional 34 shares during the last quarter. Essex Financial Services Inc. lifted its position in shares of Alphabet by 4.1% during the 2nd quarter. Essex Financial Services Inc. now owns 4,106 shares of the information services provider’s stock valued at $4,446,000 after buying an additional 160 shares during the last quarter. Shellback Capital LP purchased a new position in shares of Alphabet during the 4th quarter valued at $6,270,000. Hemenway Trust Co LLC lifted its position in shares of Alphabet by 2.1% during the 2nd quarter. Hemenway Trust Co LLC now owns 18,121 shares of the information services provider’s stock valued at $19,621,000 after buying an additional 378 shares during the last quarter. Finally, Ledyard National Bank lifted its position in shares of Alphabet by 0.6% during the 2nd quarter. Ledyard National Bank now owns 7,553 shares of the information services provider’s stock valued at $8,179,000 after buying an additional 42 shares during the last quarter. 34.09% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on GOOGL shares. DZ Bank reaffirmed a “hold” rating and set a $1,197.00 price target on shares of Alphabet in a research report on Wednesday, May 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $1,287.00 price target on shares of Alphabet in a research report on Tuesday, July 23rd. Oppenheimer set a $1,370.00 price target on Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Moffett Nathanson dropped their price target on Alphabet from $1,290.00 to $1,250.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $1,516.00 price target (up previously from $1,430.00) on shares of Alphabet in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,371.05.

Shares of NASDAQ:GOOGL traded down $37.94 during midday trading on Friday, reaching $1,153.58. 1,446,222 shares of the company traded hands, compared to its average volume of 1,706,973. The firm has a market capitalization of $826.20 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.31 and a beta of 0.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $1,171.86 and its two-hundred day moving average price is $1,159.87. Alphabet Inc has a 12 month low of $977.66 and a 12 month high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The business had revenue of $31.71 billion for the quarter, compared to analyst estimates of $30.90 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. Analysts forecast that Alphabet Inc will post 51.94 earnings per share for the current year.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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