United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $155.58 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 14.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,714 shares of the information services provider’s stock after buying an additional 7,813 shares during the period. Alphabet makes up approximately 8.5% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s investment portfolio, making the stock its 2nd biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Alphabet were worth $155,576,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. JustInvest LLC lifted its stake in Alphabet by 1.6% during the second quarter. JustInvest LLC now owns 7,577 shares of the information services provider’s stock worth $18,501,000 after purchasing an additional 118 shares during the last quarter. Semmax Financial Advisors Inc. lifted its stake in Alphabet by 6.2% during the second quarter. Semmax Financial Advisors Inc. now owns 2,167 shares of the information services provider’s stock worth $5,291,000 after purchasing an additional 127 shares during the last quarter. Bellwether Advisors LLC lifted its stake in Alphabet by 4.0% during the second quarter. Bellwether Advisors LLC now owns 104 shares of the information services provider’s stock worth $253,000 after purchasing an additional 4 shares during the last quarter. Financial Enhancement Group LLC bought a new stake in Alphabet during the second quarter worth $122,000. Finally, Waters Parkerson & CO. LLC lifted its stake in Alphabet by 4.9% during the second quarter. Waters Parkerson & CO. LLC now owns 685 shares of the information services provider’s stock worth $1,673,000 after purchasing an additional 32 shares during the last quarter. Institutional investors and hedge funds own 34.43% of the company’s stock.

Shares of Alphabet stock traded down $40.78 during mid-day trading on Friday, hitting $2,831.42. 64,231 shares of the stock were exchanged, compared to its average volume of 1,519,698. Alphabet Inc. has a 12 month low of $1,402.15 and a 12 month high of $2,925.07. The company has a 50-day simple moving average of $2,735.92 and a 200 day simple moving average of $2,434.42. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.14 and a current ratio of 3.15. The company has a market capitalization of $1.89 trillion, a P/E ratio of 30.74, a P/E/G ratio of 1.83 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, July 26th. The information services provider reported $27.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $19.89 by $7.37. Alphabet had a net margin of 28.57% and a return on equity of 27.87%. The firm had revenue of $50.95 billion for the quarter, compared to analysts’ expectations of $46.07 billion. During the same quarter last year, the firm earned $10.13 EPS. Analysts predict that Alphabet Inc. will post 101.86 EPS for the current year.

A number of research analysts have recently commented on the company. Canaccord Genuity increased their price target on Alphabet from $2,800.00 to $3,100.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Needham & Company LLC increased their price target on Alphabet from $2,700.00 to $3,200.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Piper Sandler increased their price target on Alphabet from $2,635.00 to $3,034.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating and set a $2,818.00 price target for the company. in a research note on Tuesday, June 29th. Finally, Wedbush increased their price objective on Alphabet from $3,127.00 to $3,424.00 and gave the company an “outperform” rating in a report on Wednesday, July 28th. Three investment analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $2,846.21.

About Alphabet

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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