Security National Trust Co. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,671 shares of the information services provider’s stock after selling 126 shares during the period. Security National Trust Co.’s holdings in Alphabet were worth $1,553,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue bought a new stake in Alphabet in the 2nd quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in Alphabet in the 1st quarter valued at approximately $108,000. Parkside Financial Bank & Trust lifted its stake in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after acquiring an additional 36 shares in the last quarter. Lloyds Banking Group plc bought a new stake in Alphabet in the 2nd quarter valued at approximately $133,000. Finally, Farmers National Bank lifted its stake in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 4 shares in the last quarter. Institutional investors and hedge funds own 33.81% of the company’s stock.
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Alphabet Inc. (NASDAQ GOOGL) opened at $1,035.89 on Friday. The company has a market capitalization of $723,000.00, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc. has a 1 year low of $753.36 and a 1 year high of $1,063.62.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the firm posted $9.06 earnings per share. equities research analysts anticipate that Alphabet Inc. will post 32.15 EPS for the current fiscal year.
GOOGL has been the topic of several research reports. CIBC restated an “outperform” rating and issued a $1,180.00 target price (up previously from $1,050.00) on shares of Alphabet in a research note on Friday, October 27th. Morgan Stanley restated an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Saturday, July 22nd. Pivotal Research restated a “hold” rating and issued a $940.00 target price (down previously from $980.00) on shares of Alphabet in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $1,258.00 target price (up previously from $1,250.00) on shares of Alphabet in a research note on Saturday, July 22nd. Finally, Citigroup Inc. boosted their target price on Alphabet from $1,135.00 to $1,180.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,088.53.
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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