M&T Bank Corp cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,149 shares of the company’s stock after selling 1,397 shares during the period. M&T Bank Corp’s holdings in Alphabet were worth $57,794,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Nicolet Bankshares Inc. boosted its stake in Alphabet by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 623 shares of the company’s stock valued at $475,000 after buying an additional 2 shares in the last quarter. Integrated Investment Consultants LLC raised its position in shares of Alphabet by 0.8% in the first quarter. Integrated Investment Consultants LLC now owns 365 shares of the company’s stock valued at $277,000 after buying an additional 3 shares during the last quarter. Cohen Lawrence B raised its position in shares of Alphabet by 0.9% in the first quarter. Cohen Lawrence B now owns 344 shares of the company’s stock valued at $262,000 after buying an additional 3 shares during the last quarter. Amarillo National Bank raised its position in shares of Alphabet by 0.4% in the second quarter. Amarillo National Bank now owns 1,275 shares of the company’s stock valued at $897,000 after buying an additional 5 shares during the last quarter. Finally, Peoples Financial Services CORP. raised its position in shares of Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. 34.15% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Inc. (NASDAQ:GOOGL) traded down 0.41% during midday trading on Friday, reaching $797.97. The company had a trading volume of 2,130,571 shares. The company’s 50-day moving average is $796.14 and its 200 day moving average is $751.69. Alphabet Inc. has a 52-week low of $617.84 and a 52-week high of $813.88. The company has a market cap of $548.42 billion, a PE ratio of 30.92 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, equities research analysts forecast that Alphabet Inc. will post $34.25 EPS for the current year.

Several research analysts have recently weighed in on GOOGL shares. Cantor Fitzgerald reiterated a “buy” rating and set a $940.00 price objective on shares of Alphabet in a report on Sunday, May 22nd. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $819.81 price objective on the stock. in a report on Tuesday, May 24th. Credit Suisse Group AG reiterated a “buy” rating and set a $920.00 price objective on shares of Alphabet in a report on Tuesday, May 24th. Wells Fargo & Co. reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, May 25th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $925.00 price objective on shares of Alphabet in a report on Thursday, May 26th. Two equities research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $925.42.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.