Alphabet Inc. (GOOGL) is Korea Investment CORP’s 10th Largest Position

Alphabet Inc. (GOOGL) is Korea Investment CORP’s 10th Largest Position

Korea Investment CORP raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 7.1% during the third quarter, Holdings Channel reports. The fund owned 267,823 shares of the company’s stock after buying an additional 17,712 shares during the period. Alphabet comprises about 1.1% of Korea Investment CORP’s holdings, making the stock its 10th largest position. Korea Investment CORP’s holdings in Alphabet were worth $215,346,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GOOGL. YHB Investment Advisors Inc. raised its stake in Alphabet by 17.4% in the second quarter. YHB Investment Advisors Inc. now owns 11,034 shares of the company’s stock worth $7,763,000 after buying an additional 1,633 shares in the last quarter. America First Investment Advisors LLC raised its stake in Alphabet by 2.3% in the second quarter. America First Investment Advisors LLC now owns 11,045 shares of the company’s stock worth $7,770,000 after buying an additional 251 shares in the last quarter. Hermes Investment Management Ltd. raised its stake in Alphabet by 11.6% in the second quarter. Hermes Investment Management Ltd. now owns 133,524 shares of the company’s stock worth $93,938,000 after buying an additional 13,880 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Alphabet by 2.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 307,056 shares of the company’s stock worth $216,022,000 after buying an additional 5,915 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Alphabet by 17.9% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 196,545 shares of the company’s stock worth $138,275,000 after buying an additional 29,780 shares in the last quarter. Institutional investors and hedge funds own 35.12% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 820.13 on Monday. Alphabet Inc. has a one year low of $672.66 and a one year high of $867.00. The firm’s 50-day moving average is $822.29 and its 200 day moving average is $802.41. The firm has a market capitalization of $566.95 billion, a P/E ratio of 29.11 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $9.64 by $0.28. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. During the same period in the prior year, the firm earned $8.67 EPS. Equities research analysts predict that Alphabet Inc. will post $33.30 earnings per share for the current year.

A number of research analysts recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research report on Wednesday, December 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,040.00 price objective on shares of Alphabet in a research report on Monday, January 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $970.00 price objective on shares of Alphabet in a research report on Monday, January 23rd. RBC Capital Markets reaffirmed an “outperform” rating and set a $1,025.00 price objective on shares of Alphabet in a research report on Thursday, November 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Friday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, forty have assigned a buy rating and three have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $967.05.

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.

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