Hermes Investment Management Ltd. increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 25.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,872 shares of the company’s stock after buying an additional 33,348 shares during the period. Alphabet comprises approximately 2.3% of Hermes Investment Management Ltd.’s portfolio, making the stock its 4th largest position. Hermes Investment Management Ltd.’s holdings in Alphabet were worth $134,175,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GOOGL. Vanguard Group Inc. raised its stake in shares of Alphabet by 2.1% in the second quarter. Vanguard Group Inc. now owns 18,198,649 shares of the company’s stock valued at $12,803,295,000 after buying an additional 375,941 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Alphabet by 1.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 7,747,794 shares of the company’s stock valued at $5,450,806,000 after buying an additional 129,555 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alphabet by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 4,096,211 shares of the company’s stock valued at $2,881,806,000 after buying an additional 14,001 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Alphabet by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,829,095 shares of the company’s stock valued at $2,693,883,000 after buying an additional 93,453 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Alphabet by 1.4% in the second quarter. Capital World Investors now owns 3,159,160 shares of the company’s stock valued at $2,222,564,000 after buying an additional 43,470 shares in the last quarter. 34.63% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 789.44 on Wednesday. The firm’s 50-day moving average is $799.78 and its 200-day moving average is $772.81. Alphabet Inc. has a 1-year low of $672.66 and a 1-year high of $839.00. The company has a market cap of $544.11 billion, a PE ratio of 28.89 and a beta of 0.92.

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GOOGL has been the topic of several research reports. RBC Capital Markets reissued an “outperform” rating and issued a $1,025.00 price target on shares of Alphabet in a research report on Thursday, November 3rd. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $907.00 price target on the stock in a research report on Wednesday, October 12th. Robert W. Baird reissued an “outperform” rating and issued a $900.00 price target on shares of Alphabet in a research report on Friday, September 9th. SunTrust Banks Inc. reissued a “buy” rating and issued a $900.00 price target on shares of Alphabet in a research report on Saturday, October 29th. Finally, Morgan Stanley reissued a “buy” rating and issued a $880.00 price target on shares of Alphabet in a research report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $940.44.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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