Alphabet Inc (GOOGL) is American Century Companies Inc.’s 2nd Largest Position

American Century Companies Inc. cut its holdings in Alphabet Inc (NASDAQ:GOOGL) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,350,230 shares of the information services provider’s stock after selling 57,211 shares during the quarter. Alphabet accounts for 2.3% of American Century Companies Inc.’s investment portfolio, making the stock its 2nd largest holding. American Century Companies Inc. owned about 0.34% of Alphabet worth $2,184,962,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pure Financial Advisors Inc. raised its position in shares of Alphabet by 0.4% during the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after purchasing an additional 1 shares during the period. Baystate Wealth Management LLC raised its position in shares of Alphabet by 0.7% during the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after purchasing an additional 2 shares during the period. First Bank & Trust raised its position in shares of Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after purchasing an additional 2 shares during the period. RB Capital Management LLC raised its position in shares of Alphabet by 0.4% during the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after purchasing an additional 3 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Alphabet by 0.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after purchasing an additional 3 shares during the period. 33.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on GOOGL. Vetr raised Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price on the stock in a research report on Monday, November 6th. Pivotal Research reaffirmed a “hold” rating and set a $990.00 target price on shares of Alphabet in a research report on Sunday, October 29th. Stifel Nicolaus upped their target price on Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Citigroup Inc. reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, October 30th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,157.00 target price on the stock in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1,088.53.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,056.52 on Monday. The stock has a market capitalization of $734,071.19, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 12 month low of $753.36 and a 12 month high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The firm had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the company earned $9.06 EPS. equities research analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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