E&G Advisors LP increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,811 shares of the information services provider’s stock after acquiring an additional 371 shares during the period. Alphabet comprises approximately 1.7% of E&G Advisors LP’s investment portfolio, making the stock its 11th largest holding. E&G Advisors LP’s holdings in Alphabet were worth $3,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Alphabet during the second quarter worth approximately $102,000. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet during the first quarter worth approximately $108,000. Delta Asset Management LLC TN increased its position in Alphabet by 1.5% during the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the last quarter. Farmers National Bank increased its position in Alphabet by 2.7% during the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after buying an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in Alphabet by 58.3% during the first 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 during the last quarter. Institutional investors and hedge funds own 33.88% of the company’s stock.

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Shares of Alphabet Inc. (NASDAQ GOOGL) traded down 0.41% during mid-day trading on Friday, reaching $936.28. The company’s stock had a trading volume of 1,116,423 shares. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The firm has a market cap of $648.73 billion, a price-to-earnings ratio of 33.93 and a beta of 0.98. The company’s 50-day moving average is $941.05 and its 200 day moving average is $925.84.

Alphabet (NASDAQ:GOOGL) last issued 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 the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the company posted $8.42 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.

A number of equities analysts have weighed in on the company. Robert W. Baird reissued a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Monday. UBS AG reissued a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research report on Friday, September 8th. SunTrust Banks, Inc. reissued a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Thursday, September 7th. Credit Suisse Group reissued an “outperform” rating on shares of Alphabet in a research report on Thursday, August 31st. Finally, Monness Crespi & Hardt reissued a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Alphabet has an average rating of “Buy” and a consensus target price of $1,053.45.

About Alphabet

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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