Barr E S & Co. Has $37.45 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Barr E S & Co. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,009 shares of the information services provider’s stock after selling 411 shares during the quarter. Alphabet comprises about 2.7% of Barr E S & Co.’s portfolio, making the stock its 15th biggest holding. Barr E S & Co.’s holdings in Alphabet were worth $37,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Meitav Dash Investments Ltd. raised its holdings in shares of Alphabet by 13.3% during the 2nd quarter. Meitav Dash Investments Ltd. now owns 19,360 shares of the information services provider’s stock worth $47,273,000 after buying an additional 2,268 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Alphabet by 10.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 66,103 shares of the information services provider’s stock valued at $161,410,000 after buying an additional 6,326 shares during the last quarter. Bienville Capital Management LLC grew its position in shares of Alphabet by 49.0% in the 2nd quarter. Bienville Capital Management LLC now owns 2,128 shares of the information services provider’s stock valued at $5,196,000 after buying an additional 700 shares during the last quarter. Black Swift Group LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at about $2,442,000. Finally, Employees Retirement System of Texas boosted its position in shares of Alphabet by 4.7% during the 2nd quarter. Employees Retirement System of Texas now owns 31,100 shares of the information services provider’s stock valued at $75,940,000 after purchasing an additional 1,400 shares in the last quarter. 34.24% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ GOOGL traded up $26.49 on Friday, reaching $2,798.23. The company’s stock had a trading volume of 51,200 shares, compared to its average volume of 1,393,064. The firm’s 50 day moving average is $2,897.92 and its two-hundred day moving average is $2,793.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 2.98. The stock has a market cap of $1.86 trillion, a PE ratio of 26.83, a PEG ratio of 0.97 and a beta of 1.06. Alphabet Inc. has a twelve month low of $1,711.71 and a twelve month high of $3,019.33.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, October 25th. The information services provider reported $27.99 earnings per share for the quarter, beating analysts’ consensus estimates of $23.13 by $4.86. The company had revenue of $53.62 billion for the quarter, compared to the consensus estimate of $51.80 billion. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. During the same quarter in the prior year, the company earned $16.40 EPS. Equities research analysts anticipate that Alphabet Inc. will post 108.29 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Barclays increased their price target on Alphabet from $3,200.00 to $3,300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Oppenheimer raised their target price on Alphabet from $3,000.00 to $3,500.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 27th. Mizuho reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, November 8th. KeyCorp raised their price target on Alphabet from $3,071.00 to $3,090.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. Finally, Credit Suisse Group lifted their price objective on Alphabet from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $3,237.31.

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.

Featured Article: What are no-load funds?

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.