Moloney Securities Asset Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,467 shares of the information services provider’s stock after buying an additional 41 shares during the period. Alphabet makes up about 1.6% of Moloney Securities Asset Management LLC’s holdings, making the stock its 7th biggest position. Moloney Securities Asset Management LLC’s holdings in Alphabet were worth $3,223,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Mitchell Mcleod Pugh & Williams Inc. grew its stake in Alphabet by 0.9% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,726 shares of the information services provider’s stock valued at $1,463,000 after purchasing an additional 15 shares in the last quarter. Legacy Private Trust Co. grew its stake in Alphabet by 70.3% in the first quarter. Legacy Private Trust Co. now owns 2,912 shares of the information services provider’s stock valued at $2,469,000 after purchasing an additional 1,202 shares in the last quarter. Murphy Capital Management Inc. grew its stake in Alphabet by 1.3% in the first quarter. Murphy Capital Management Inc. now owns 5,084 shares of the information services provider’s stock valued at $4,310,000 after purchasing an additional 67 shares in the last quarter. Grassi Investment Management grew its stake in Alphabet by 8.2% in the first quarter. Grassi Investment Management now owns 658 shares of the information services provider’s stock valued at $558,000 after purchasing an additional 50 shares in the last quarter. Finally, Bremer Trust National Association grew its stake in Alphabet by 0.3% in the first quarter. Bremer Trust National Association now owns 3,190 shares of the information services provider’s stock valued at $2,705,000 after purchasing an additional 10 shares in the last quarter. 33.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (GOOGL) traded down 0.68% on Friday, reaching $941.13. The company’s stock had a trading volume of 547,637 shares. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm has a 50 day moving average of $939.49 and a 200 day moving average of $928.76. The company has a market cap of $652.09 billion, a PE ratio of 34.11 and a beta of 0.98. Alphabet also saw unusually large options trading activity on Wednesday. Investors purchased 20,437 call options on the stock. This represents an increase of 108% compared to the typical volume of 9,814 call options.

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

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A number of research analysts have commented on the company. B. Riley restated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Sunday, July 30th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $1,200.00 target price on shares of Alphabet in a research note on Thursday. Cowen and Company restated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. Citigroup Inc. restated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research note on Wednesday. Finally, Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,046.78 target price on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,054.01.

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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