Farmers National Bank raised its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155 shares of the information services provider’s stock after acquiring an additional 5 shares during the quarter. Farmers National Bank’s holdings in Alphabet were worth $144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after purchasing an additional 662,279 shares in the last quarter. BlackRock Inc. boosted its position in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after purchasing an additional 567,337 shares in the last quarter. FMR LLC boosted its position in shares of Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after purchasing an additional 367,634 shares in the last quarter. State Street Corp boosted its position in shares of Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock worth $10,128,119,000 after purchasing an additional 142,214 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Alphabet by 2.4% during the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock worth $4,005,243,000 after purchasing an additional 102,133 shares in the last quarter. 33.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc (GOOGL) opened at $1,057.47 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $730,506.88, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. Alphabet Inc has a one year low of $789.62 and a one year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same quarter last year, the business posted $9.06 EPS. equities research analysts forecast that Alphabet Inc will post 32.34 earnings per share for the current year.

A number of equities analysts have recently issued reports on GOOGL shares. SunTrust Banks reissued a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Saturday, September 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective on the stock. in a research report on Friday, October 6th. Finally, Citigroup reissued a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a research report on Tuesday, October 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,089.17.

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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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