Farmers National Bank raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150 shares of the information services provider’s stock after acquiring an additional 4 shares during the period. Farmers National Bank’s holdings in Alphabet were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Delta Asset Management LLC TN raised its holdings in Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in shares of Alphabet by 58.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after buying an additional 56 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of Alphabet by 22.6% during the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock worth $152,000 after buying an additional 33 shares in the last quarter. Cordasco Financial Network raised its holdings in shares of Alphabet by 2.2% during the 1st quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares in the last quarter. Finally, First Command Financial Services Inc. raised its holdings in shares of Alphabet by 56.1% during the 1st quarter. First Command Financial Services Inc. now owns 242 shares of the information services provider’s stock worth $205,000 after buying an additional 87 shares in the last quarter. 33.88% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the company. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price target for the company in a report on Monday, June 5th. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Citigroup Inc. boosted their price target on Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reissued a “buy” rating and set a $1,080.00 price target (up previously from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. Finally, Barclays PLC reissued an “overweight” rating and set a $1,060.00 price target (down previously from $1,065.00) on shares of Alphabet in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $1,053.45.

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Shares of Alphabet Inc. (NASDAQ GOOGL) traded up 0.4133% during mid-day trading on Wednesday, hitting $950.5628. The company had a trading volume of 595,327 shares. The firm has a market capitalization of $658.63 billion, a PE ratio of 34.4494 and a beta of 0.98. The firm has a 50-day moving average price of $943.78 and a 200-day moving average price of $924.84. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61.

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

Alphabet Company Profile

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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