American National Insurance Co. TX continued to hold its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, Holdings Channel reports. The firm owned 25,400 shares of the information services provider’s stock at the end of the second quarter. Alphabet comprises approximately 1.3% of American National Insurance Co. TX’s portfolio, making the stock its 12th largest position. American National Insurance Co. TX’s holdings in Alphabet were worth $23,614,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Mathes Company Inc. raised its stake in shares of Alphabet by 0.4% in the second quarter. Mathes Company Inc. now owns 6,331 shares of the information services provider’s stock valued at $5,886,000 after buying an additional 27 shares in the last quarter. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Alphabet by 3.5% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 3,919 shares of the information services provider’s stock valued at $3,643,000 after buying an additional 134 shares in the last quarter. Clean Yield Group raised its stake in shares of Alphabet by 0.5% in the second quarter. Clean Yield Group now owns 2,064 shares of the information services provider’s stock valued at $2,015,000 after buying an additional 10 shares in the last quarter. Peoples Financial Services CORP. raised its stake in shares of Alphabet by 4.4% in the second quarter. Peoples Financial Services CORP. now owns 191 shares of the information services provider’s stock valued at $177,000 after buying an additional 8 shares in the last quarter. Finally, Westbourne Investment Advisors Inc. raised its stake in shares of Alphabet by 4.3% in the second quarter. Westbourne Investment Advisors Inc. now owns 4,926 shares of the information services provider’s stock valued at $4,580,000 after buying an additional 201 shares in the last quarter. 34.33% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (GOOGL) opened at 992.19 on Friday. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The stock has a market cap of $686.35 billion, a price-to-earnings ratio of 33.53 and a beta of 1.00. The stock’s 50 day moving average is $968.58 and its 200 day moving average is $895.39. Alphabet also saw unusually large options trading activity on Wednesday. Traders acquired 18,660 call options on the company. This is an increase of approximately 121% compared to the average volume of 8,448 call options.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $7.24 by $0.49. The company had revenue of $20.12 billion for the quarter, compared to the consensus estimate of $19.65 billion. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. During the same quarter last year, the firm posted $7.50 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $33.97 earnings per share for the current fiscal year.
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Several brokerages have recently commented on GOOGL. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,112.00 price objective for the company in a report on Friday. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,016.13 price objective for the company. in a report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Monday. Pivotal Research reiterated a “hold” rating and set a $980.00 price objective (down previously from $990.00) on shares of Alphabet in a report on Monday. Finally, Argus reiterated a “buy” rating and set a $968.72 price objective (down previously from $1,085.00) on shares of Alphabet in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,024.31.
Alphabet Company 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.
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