Dixon Hubard Feinour & Brown Inc. VA lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,558 shares of the information services provider’s stock after selling 65 shares during the period. Alphabet comprises 1.5% of Dixon Hubard Feinour & Brown Inc. VA’s investment portfolio, making the stock its 24th largest position. Dixon Hubard Feinour & Brown Inc. VA’s holdings in Alphabet were worth $5,167,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Alphabet during the second quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in Alphabet during the first quarter worth about $108,000. Delta Asset Management LLC TN increased its stake in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares in the last quarter. Farmers National Bank increased its stake in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after buying an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its stake in Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 34.31% of the company’s stock.
Alphabet Inc. (GOOGL) traded up 0.70% during midday trading on Friday, hitting $930.09. 1,616,708 shares of the stock traded hands. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm has a market cap of $644.44 billion, a PE ratio of 33.71 and a beta of 0.99. The stock has a 50-day moving average of $956.22 and a 200 day moving average of $908.99.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $8.42 EPS. Equities analysts forecast that Alphabet Inc. will post $30.59 EPS for the current year.
GOOGL has been the subject of a number of research analyst reports. JMP Securities reaffirmed an “outperform” rating and set a $1,095.00 price objective (up from $1,020.00) on shares of Alphabet in a report on Monday, May 1st. Cowen and Company reissued an “outperform” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Monday, April 24th. Societe Generale set a $1,210.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. MKM Partners reissued a “buy” rating and issued a $1,170.00 price target (up from $1,000.00) on shares of Alphabet in a research note on Monday, May 8th. Finally, Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $893.60 price target for the company. in a research note on Monday, April 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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