1,300 Shares in Alphabet Inc. (NASDAQ:GOOGL) Acquired by Soros Fund Management LLC

Soros Fund Management LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the information services provider’s stock, valued at approximately $1,102,000.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. CENTRAL TRUST Co raised its stake in Alphabet by 4.8% during the first quarter. CENTRAL TRUST Co now owns 7,819 shares of the information services provider’s stock valued at $6,629,000 after purchasing an additional 358 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of Alphabet in the first quarter valued at $325,000. Fulton Bank N.A. raised its stake in shares of Alphabet by 4.7% in the first quarter. Fulton Bank N.A. now owns 4,772 shares of the information services provider’s stock valued at $4,045,000 after acquiring an additional 213 shares during the period. Catawba Capital Management VA raised its stake in shares of Alphabet by 2,432.1% in the first quarter. Catawba Capital Management VA now owns 6,786 shares of the information services provider’s stock valued at $5,753,000 after acquiring an additional 6,518 shares during the period. Finally, Trust Co raised its stake in shares of Alphabet by 1.2% in the fourth quarter. Trust Co now owns 5,760 shares of the information services provider’s stock valued at $4,564,000 after acquiring an additional 67 shares during the period. 33.88% of the stock is currently owned by institutional investors.

Alphabet Inc. (GOOGL) traded down 0.51% during midday trading on Friday, reaching $935.29. 1,994,265 shares of the company were exchanged. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The company has a market capitalization of $648.04 billion, a price-to-earnings ratio of 33.90 and a beta of 0.98. The company has a 50 day moving average of $940.56 and a 200-day moving average of $926.45.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the prior year, the firm posted $8.42 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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GOOGL has been the topic of several recent analyst reports. Piper Jaffray Companies reissued an “overweight” rating on shares of Alphabet in a research note on Monday, May 22nd. Aegis reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Morgan Stanley reissued an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Wednesday, May 24th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $1,150.00 price target on shares of Alphabet in a report on Wednesday, May 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,053.45.

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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