Prudential PLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,772 shares of the company’s stock after selling 8,338 shares during the period. Alphabet accounts for 0.8% of Prudential PLC’s investment portfolio, making the stock its 27th largest position. Prudential PLC’s holdings in Alphabet were worth $186,738,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. State Street Corp raised its position in Alphabet by 0.4% in the first quarter. State Street Corp now owns 11,181,006 shares of the company’s stock worth $8,529,984,000 after buying an additional 39,282 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Alphabet by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,618,239 shares of the company’s stock worth $5,811,955,000 after buying an additional 44,888 shares during the period. Capital World Investors raised its position in Alphabet by 1.8% in the fourth quarter. Capital World Investors now owns 3,116,858 shares of the company’s stock worth $2,424,947,000 after buying an additional 54,525 shares during the period. Jennison Associates LLC raised its position in Alphabet by 0.3% in the fourth quarter. Jennison Associates LLC now owns 2,751,344 shares of the company’s stock worth $2,140,573,000 after buying an additional 8,500 shares during the period. Finally, Geode Capital Management LLC raised its position in Alphabet by 4.4% in the first quarter. Geode Capital Management LLC now owns 2,552,124 shares of the company’s stock worth $1,943,342,000 after buying an additional 106,872 shares during the period.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.51% on Thursday, reaching $765.84. 3,673,221 shares of the company’s stock were exchanged. The firm has a market cap of $525.79 billion and a PE ratio of 31.16. The company has a 50 day moving average price of $726.52 and a 200 day moving average price of $735.02. Alphabet Inc. has a one year low of $593.09 and a one year high of $810.35.
A number of equities analysts have commented on GOOGL shares. Susquehanna restated a “positive” rating and issued a $930.00 price target on shares of Alphabet in a research report on Monday, July 18th. Jefferies Group restated a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a report on Monday, July 18th. Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 target price for the company. in a research note on Monday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research report on Tuesday, April 5th. Finally, Stifel Nicolaus decreased their target price on shares of Alphabet from $930.00 to $888.00 and set a “buy” rating for the company in a research report on Friday, April 22nd. Four analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $906.82.
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.
