Bath Savings Trust Co grew its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,529 shares of the information services provider’s stock after purchasing an additional 635 shares during the period. Alphabet comprises about 2.0% of Bath Savings Trust Co’s holdings, making the stock its 19th largest holding. Bath Savings Trust Co’s holdings in Alphabet were worth $7,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GOOGL. Dowling & Yahnke LLC lifted its stake in shares of Alphabet by 1.9% in the 1st quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock valued at $6,953,000 after acquiring an additional 151 shares during the last quarter. Lourd Capital LLC lifted its stake in shares of Alphabet by 4.3% in the 1st quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock valued at $857,000 after acquiring an additional 42 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of Alphabet by 0.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 36,177 shares of the information services provider’s stock valued at $30,670,000 after acquiring an additional 150 shares during the last quarter. Bourgeon Capital Management LLC lifted its stake in shares of Alphabet by 1.0% in the 1st quarter. Bourgeon Capital Management LLC now owns 6,728 shares of the information services provider’s stock valued at $5,704,000 after acquiring an additional 65 shares during the last quarter. Finally, Beaumont Financial Partners LLC lifted its stake in shares of Alphabet by 11.0% in the 1st quarter. Beaumont Financial Partners LLC now owns 12,758 shares of the information services provider’s stock valued at $10,816,000 after acquiring an additional 1,260 shares during the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.

Alphabet Inc (GOOGL) opened at $1,072.00 on Friday. Alphabet Inc has a twelve month low of $789.62 and a twelve month high of $1,080.00. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $752,300.00, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same quarter in the prior year, the business earned $9.06 EPS. sell-side analysts expect that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on GOOGL. UBS reissued an “overweight” rating on shares of Alphabet in a research note on Thursday, August 24th. Stifel Nicolaus boosted their target price on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, October 30th. Bank of America reissued a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, September 26th. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $1,150.00 target price on shares of Alphabet in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,089.17.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/alphabet-inc-googl-position-boosted-by-bath-savings-trust-co/1769032.html.

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)

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