Trust Co. of Vermont boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 6.8% during the first quarter, according to its most recent disclosure with the SEC. The fund 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 reporting period.
A number of other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Alphabet during the fourth quarter worth approximately $2,411,505,000. Glenview Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth approximately $605,119,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Alphabet during the fourth quarter worth approximately $341,958,000. Dodge & Cox bought a new stake in Alphabet during the fourth quarter worth approximately $260,940,000. Finally, Tourbillon Capital Partners L.P. bought a new stake in Alphabet during the fourth quarter worth approximately $174,339,000. Institutional investors and hedge funds own 34.31% of the company’s stock.
Alphabet Inc. (NASDAQ GOOGL) traded up 0.70% during midday trading on Friday, reaching $930.09. 1,616,583 shares of the company were exchanged. The firm has a market capitalization of $644.44 billion, a PE ratio of 33.71 and a beta of 0.99. The company has a 50-day moving average of $957.55 and a 200 day moving average of $908.38. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by $3.24. The firm had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the firm earned $8.42 earnings per share. Equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.
GOOGL has been the subject of a number of 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 set a $1,040.00 price objective on shares of Alphabet in a report on Sunday, April 23rd. 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. Morgan Stanley reiterated an “overweight” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Wednesday, May 24th. Finally, Instinet reiterated a “buy” rating and set a $925.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,049.20.
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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