Menora Mivtachim Holdings LTD. Increases Stock Position in Alphabet Inc (NASDAQ:GOOGL)

Menora Mivtachim Holdings LTD. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,773 shares of the information services provider’s stock after buying an additional 550 shares during the quarter. Alphabet accounts for about 2.1% of Menora Mivtachim Holdings LTD.’s holdings, making the stock its 24th biggest holding. Menora Mivtachim Holdings LTD.’s holdings in Alphabet were worth $76,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Thoroughbred Financial Services LLC lifted its position in shares of Alphabet by 205,910.9% during the second quarter. Thoroughbred Financial Services LLC now owns 3,393,000 shares of the information services provider’s stock worth $339,300,000 after purchasing an additional 3,391,353 shares in the last quarter. Packer & Co Ltd lifted its position in shares of Alphabet by 4,018.6% during the second quarter. Packer & Co Ltd now owns 958,600 shares of the information services provider’s stock worth $25,202,000 after purchasing an additional 935,325 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Alphabet during the fourth quarter worth about $237,900,000. AMF Pensionsforsakring AB lifted its position in shares of Alphabet by 172.7% during the fourth quarter. AMF Pensionsforsakring AB now owns 209,505 shares of the information services provider’s stock worth $218,924,000 after purchasing an additional 132,686 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Alphabet by 41.6% during the second quarter. CIBC Private Wealth Group LLC now owns 243,947 shares of the information services provider’s stock worth $264,144,000 after purchasing an additional 71,681 shares in the last quarter. 33.96% of the stock is owned by institutional investors.

Shares of NASDAQ:GOOGL opened at $1,179.21 on Friday. The firm’s 50 day moving average price is $1,159.77 and its 200 day moving average price is $1,158.17. The stock has a market cap of $807.29 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.28 and a beta of 0.97. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,296.97. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $31.71 billion for the quarter, compared to analysts’ expectations of $30.90 billion. On average, equities analysts anticipate that Alphabet Inc will post 51.94 EPS for the current year.

Several analysts have recently issued reports on GOOGL shares. Royal Bank of Canada increased their price target on shares of Alphabet to $1,425.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. MKM Partners reissued a “buy” rating and set a $1,450.00 price target on shares of Alphabet in a research report on Friday, August 2nd. Loop Capital started coverage on shares of Alphabet in a research report on Monday, June 3rd. They set a “hold” rating and a $1,250.00 price target on the stock. Susquehanna Bancshares increased their price target on shares of Alphabet to $1,550.00 in a research report on Friday, July 26th. Finally, SunTrust Banks reissued a “buy” rating and set a $1,325.00 price target on shares of Alphabet in a research report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,371.05.

Alphabet Profile

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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