Trust Co. of Vermont boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.8% during the first quarter, Holdings Channel reports. The firm owned 4,567 shares of the information services provider’s stock after buying an additional 289 shares during the period. Trust Co. of Vermont’s holdings in Alphabet were worth $3,872,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Norges Bank bought a new position in Alphabet during the fourth quarter valued at about $2,411,505,000. Glenview Capital Management LLC bought a new position in Alphabet during the fourth quarter valued at about $605,119,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Alphabet during the fourth quarter valued at about $341,958,000. Dodge & Cox bought a new position in Alphabet during the fourth quarter valued at about $260,940,000. Finally, Tourbillon Capital Partners L.P. bought a new position in Alphabet during the fourth quarter valued at about $174,339,000. Hedge funds and other institutional investors own 34.37% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ GOOGL) opened at 945.50 on Tuesday. The firm has a 50-day moving average of $963.49 and a 200 day moving average of $903.50. The firm has a market capitalization of $655.12 billion, a price-to-earnings ratio of 34.27 and a beta of 1.00. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. During the same quarter in the prior year, the firm earned $8.42 earnings per share. Analysts predict that Alphabet Inc. will post $30.63 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This story was published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://stocknewstimes.com/2017/08/01/alphabet-inc-nasdaqgoogl-stake-increased-by-trust-co-of-vermont.html.
GOOGL has been the subject of several recent analyst reports. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 price objective for the company in a report on Tuesday, June 27th. Pacific Crest reiterated an “overweight” rating and issued a $1,040.00 price objective on shares of Alphabet in a report on Sunday, April 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Wednesday, May 24th. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the company a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Finally, Instinet reiterated a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. One investment 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’s stock. The company has a consensus rating of “Buy” and an average target price of $1,043.51.
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.
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
