Park National Corp OH boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 886 shares of the information services provider’s stock after buying an additional 88 shares during the period. Park National Corp OH’s holdings in Alphabet were worth $824,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in GOOGL. Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet during the first quarter valued at $108,000. Delta Asset Management LLC TN increased its position 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 valued at $116,000 after buying an additional 2 shares during the last quarter. Farmers National Bank increased its position in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position 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 valued at $129,000 after buying an additional 56 shares during the last quarter. Finally, Jacobi Capital Management LLC acquired a new position in Alphabet during the first quarter valued at $132,000. 34.12% of the stock is owned by institutional investors.
Shares of Alphabet Inc. (NASDAQ GOOGL) traded up 0.12% during midday trading on Wednesday, reaching $941.55. The company had a trading volume of 590,418 shares. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The company’s 50 day moving average price is $952.25 and its 200-day moving average price is $914.26. The company has a market capitalization of $652.38 billion, a P/E ratio of 34.12 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the prior year, the firm earned $8.42 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post $30.60 earnings per share for the current fiscal year.
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Several research firms have weighed in on GOOGL. UBS AG restated a “buy” rating and issued a $1,050.00 price target (up from $980.00) on shares of Alphabet in a research note on Saturday, April 29th. B. Riley restated a “buy” rating and issued a $1,032.00 price target on shares of Alphabet in a research note on Wednesday, May 3rd. Cowen and Company restated an “outperform” rating and issued a $1,075.00 price target on shares of Alphabet in a research note on Thursday, August 10th. KeyCorp restated an “overweight” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Thursday, July 27th. Finally, SunTrust Banks, Inc. began coverage on Alphabet in a research note on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 price target for the company. 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 given a strong buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,053.45.
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.
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