Indiana Trust & Investment Management CO reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,991 shares of the information services provider’s stock after selling 25 shares during the period. Alphabet accounts for about 1.4% of Indiana Trust & Investment Management CO’s holdings, making the stock its 15th biggest position. Indiana Trust & Investment Management CO’s holdings in Alphabet were worth $2,781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Alphabet by 1.2% during the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Alphabet by 2.6% during the first quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after purchasing an additional 27,598 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Alphabet by 4.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 994,541 shares of the information services provider’s stock valued at $843,172,000 after purchasing an additional 45,805 shares in the last quarter. Boston Partners lifted its position in shares of Alphabet by 9.9% during the first quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock valued at $823,046,000 after purchasing an additional 87,783 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Alphabet by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 876,214 shares of the information services provider’s stock valued at $742,854,000 after purchasing an additional 3,491 shares in the last quarter. 33.88% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc. (GOOGL) traded down 1.19% on Thursday, reaching $939.15. 650,686 shares of the company’s stock traded hands. Alphabet Inc. has a 12-month low of $743.59 and a 12-month high of $1,008.61. The stock has a 50-day moving average of $942.30 and a 200 day moving average of $925.56. The firm has a market cap of $650.72 billion, a P/E ratio of 34.04 and a beta of 0.98.

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

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Several analysts have commented on the stock. J P Morgan Chase & Co lifted their price objective on shares of Alphabet from $1,075.00 to $1,115.00 and gave the stock an “overweight” rating in a research report on Saturday, July 22nd. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,020.52 price objective on the stock in a research report on Tuesday, July 25th. UBS AG reaffirmed an “overweight” rating on shares of Alphabet in a research report on Thursday, August 24th. Canaccord Genuity lowered shares of Alphabet from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $967.93 to $1,000.00 in a research report on Thursday, June 15th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $1,050.00 price objective (up previously from $1,032.00) on shares of Alphabet in a research report on Tuesday, July 25th. One 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. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,053.45.

Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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