Partnervest Advisory Services LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, Holdings Channel reports. The fund bought 338 shares of the company’s stock, valued at approximately $238,000.

A number of other large investors also recently made changes to their positions in the stock. Nicolet Bankshares Inc. raised its position in shares of Alphabet by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 623 shares of the company’s stock worth $475,000 after buying an additional 2 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Alphabet by 0.8% in the first quarter. Integrated Investment Consultants LLC now owns 365 shares of the company’s stock valued at $277,000 after buying an additional 3 shares during the period. Cohen Lawrence B raised its position in shares of Alphabet by 0.9% in the first quarter. Cohen Lawrence B now owns 344 shares of the company’s stock valued at $262,000 after buying an additional 3 shares during the period. Amarillo National Bank raised its position in shares of Alphabet by 0.4% in the second quarter. Amarillo National Bank now owns 1,275 shares of the company’s stock valued at $897,000 after buying an additional 5 shares during the period. Finally, Peoples Financial Services CORP. raised its position in shares of Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock valued at $155,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 34.12% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.66% on Wednesday, hitting $805.03. 1,346,660 shares of the stock were exchanged. The firm has a market capitalization of $553.28 billion, a PE ratio of 31.19 and a beta of 0.98. Alphabet Inc. has a one year low of $617.84 and a one year high of $813.88. The company has a 50-day moving average price of $799.20 and a 200-day moving average price of $754.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. Equities research analysts expect that Alphabet Inc. will post $34.25 earnings per share for the current year.

Several research analysts recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet in a research report on Sunday, July 17th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $920.00 target price on shares of Alphabet in a research report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research report on Sunday, July 17th. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $819.81 price objective on the stock. in a research report on Tuesday, May 24th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research report on Saturday, June 4th. Two equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $925.42.

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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