Alphabet Inc. (NASDAQ:GOOGL) Position Increased by Leavell Investment Management Inc.

Leavell Investment Management Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,298 shares of the information services provider’s stock after buying an additional 18 shares during the period. Leavell Investment Management Inc.’s holdings in Alphabet were worth $1,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Waratah Capital Advisors Ltd. acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $8,203,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $4,635,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $13,051,000. Iberiabank Corp raised its position in shares of Alphabet by 6.6% in the fourth quarter. Iberiabank Corp now owns 613 shares of the information services provider’s stock valued at $486,000 after buying an additional 38 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $224,000. 34.33% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (GOOGL) opened at 992.77 on Thursday. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The firm has a 50-day moving average price of $968.43 and a 200-day moving average price of $894.68. The firm has a market capitalization of $686.75 billion, a PE ratio of 33.55 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping analysts’ consensus estimates of $7.24 by $0.49. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. The firm had revenue of $20.12 billion for the quarter, compared to analyst estimates of $19.65 billion. During the same quarter in the previous year, the business posted $7.50 EPS. On average, analysts forecast that Alphabet Inc. will post $34.01 EPS for the current fiscal year.

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Several brokerages have recently commented on GOOGL. UBS AG reissued a “buy” rating and set a $980.00 price objective on shares of Alphabet in a report on Monday, March 27th. B. Riley restated a “buy” rating and issued a $1,032.00 target price on shares of Alphabet in a research report on Wednesday, May 3rd. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,016.13 target price for the company. in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Monday. Finally, Argus restated a “buy” rating and issued a $968.72 target price (down previously from $1,085.00) on shares of Alphabet in a research report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and forty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,018.58.

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.