Breton Hill Capital Ltd. Buys 304 Shares of Alphabet Inc. (GOOGL)

Breton Hill Capital Ltd. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 28.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,359 shares of the information services provider’s stock after purchasing an additional 304 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Alphabet were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in Alphabet in the second quarter valued at about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Alphabet in the first quarter valued at about $108,000. Delta Asset Management LLC TN raised 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 valued at $116,000 after buying an additional 2 shares during the last quarter. Farmers National Bank raised 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 valued at $127,000 after buying an additional 4 shares during the last quarter. Finally, Riggs Asset Managment Co. Inc. raised 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 valued at $129,000 after buying an additional 56 shares during the last quarter. 33.88% of the stock is currently owned by institutional investors.

Alphabet Inc. (GOOGL) traded up 0.38% during midday trading on Wednesday, hitting $950.29. The company had a trading volume of 634,319 shares. The firm has a market cap of $658.44 billion, a price-to-earnings ratio of 34.44 and a beta of 0.98. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The stock has a 50 day moving average of $942.30 and a 200 day moving average of $925.56.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion during 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 last year, the business posted $8.42 earnings per share. On average, analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.

A number of equities research analysts have commented on GOOGL shares. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Aegis reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 price target (up from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a research note on Friday, June 9th. Finally, Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price target for the company in a research note on Monday, June 5th. 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. Alphabet has an average rating of “Buy” and a consensus target price of $1,053.45.

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Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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