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Fort Washington Investment Advisors Inc. expands its holdings in Alphabet Inc. (NASDAQ:GOOG)

Fort Washington Investment Advisors Inc. expands its holdings in Alphabet Inc. (NASDAQ:GOOG)

According to the most recent 13F filing that the Company made with the Securities and Exchange Commission, the Company bought Alphabet Inc. (NASDAQ: GOOG), which was previously owned by Fort Washington Investment Advisors Inc., during the third quarter of this year. The Company ended up with 2,859,574 shares of the information services provider’s stock after making additional purchases totaling 2,702,638 shares throughout the period. Alphabet is the sixth-largest holding in the investment portfolio of Ohio-based Fort Washington Investment Advisors Inc., which accounts for approximately 2.3% of the total assets under management. The most recent report that Fort Washington Investment Advisors Inc. submitted to the SEC indicated that the value of its holdings in Alphabet was $274,948,000 at the time of the filing.

Recent months have seen several additional hedge funds modify the procedures by which they invest their money in Google. The Old Second National Bank of Aurora increased the amount of Alphabet stock owned by 1,900.0% during the third quarter. The Old Second National Bank of Aurora now has a total of 260 shares of the information services provider’s stock following the purchase of an additional 247 shares during the period. The information services provider’s stock is currently valued at a total of $25,000. The proportion of Alphabet stock that Carolina Wealth Advisors LLC owns experienced a 1,900.0% increase during the third quarter. After making an additional purchase of 285 shares during the period, Carolina Wealth Advisors LLC now has 300 shares of the stock held by the information services provider. The price these shares currently fetch on the market is $29,000. The Alphabet was one of the companies in which NewSquare Capital LLC saw a holding increase of 1,900% during the third quarter. After making an additional purchase of 304 shares during the period, NewSquare Capital LLC now has 320 shares of the information services provider’s stock, currently valued at $31,000. This brings the total number of shares owned by the Company to 320, an increase of 304 from the beginning of the period. Through the third quarter, Schubert & Company was able to increase the proportion of Alphabet stock owned by 1,192.9%. Schubert & Co now owns 362 shares of the information services provider’s stock, valued at $35,000, after acquiring an additional 334 shares during the preceding period. And finally, during the third quarter, Corsicana & Co. increased the proportion of its total capital already invested in Alphabet by 1,900%. Corsicana & Company now directly owns 400 shares of stock in the information services provider. Each share is worth $38,000, so the total value of the Company’s stock holdings is $38,000. This was made possible by purchasing 380 additional company stock shares during the relevant period. At this time, institutions hold ownership of 28.69% of the total company stock.

Several equity research professionals have recently expressed their opinions on the GOOG stock.

Raymond James decreased Alphabet’s price objective from $143.00 to $120.00 in a research report published on Wednesday, October 26th. The “outperform” rating was also maintained for the stock during this time. The target price for Alphabet was reduced from $135.00 to $130.00 due to a study carried out by Deutsche Bank Aktiengesellschaft and made available to the public on Friday, October 21st. Additionally, the report recommended purchasing the stock and graded it as a “buy,” both of which were included. Oppenheimer lowered its price target for Alphabet in a research report that was published on October 26th, and the report was distributed on Wednesday. The research, which at the time had a rating of “outperform” for the Company, was published simultaneously. According to a research report written by Sanford C. Bernstein and made available to the public on Thursday, he believes that the appropriate price for Alphabet would be $120.00. Cowen rated the Company’s stock as having an “outperform” outlook in a research report published on Wednesday, October 26th. At the same time, Cowen lowered their

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