Kimelman & Baird LLC lifted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,983 shares of the information services provider’s stock after purchasing an additional 238 shares during the period. Alphabet makes up about 2.5% of Kimelman & Baird LLC’s holdings, making the stock its 12th biggest position. Kimelman & Baird LLC’s holdings in Alphabet were worth $16,718,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Dowling & Yahnke LLC raised its position in Alphabet by 1.9% during the first quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock valued at $6,953,000 after buying an additional 151 shares during the period. Lourd Capital LLC increased its position in Alphabet by 4.3% in the 1st quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock worth $857,000 after purchasing an additional 42 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Alphabet by 0.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 36,177 shares of the information services provider’s stock worth $30,670,000 after purchasing an additional 150 shares during the last quarter. Bourgeon Capital Management LLC increased its position in Alphabet by 1.0% in the 1st quarter. Bourgeon Capital Management LLC now owns 6,728 shares of the information services provider’s stock worth $5,704,000 after purchasing an additional 65 shares during the last quarter. Finally, Beaumont Financial Partners LLC increased its position in Alphabet by 11.0% in the 1st quarter. Beaumont Financial Partners LLC now owns 12,758 shares of the information services provider’s stock worth $10,816,000 after purchasing an additional 1,260 shares during the last quarter. 33.62% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on GOOGL shares. Goldman Sachs Group upped their target price on Alphabet from $1,125.00 to $1,175.00 in a research report on Friday, October 27th. Citigroup reaffirmed a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research report on Wednesday, September 20th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research report on Monday, September 11th. Finally, UBS reaffirmed a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,089.17.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,057.47 on Friday. Alphabet Inc has a 52 week low of $789.62 and a 52 week high of $1,080.00. The firm has a market capitalization of $730,506.88, a P/E ratio of 35.20, a P/E/G ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion during the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the prior year, the company earned $9.06 EPS. equities analysts forecast that Alphabet Inc will post 32.34 earnings per share for the current year.

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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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