Mogy Joel R Investment Counsel Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,173 shares of the information services provider’s stock after purchasing an additional 10 shares during the period. Alphabet comprises approximately 2.4% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 15th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Alphabet were worth $14,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOGL. AMF Pensionsforsakring AB boosted its position in Alphabet by 6.7% during the 1st quarter. AMF Pensionsforsakring AB now owns 240,799 shares of the information services provider’s stock worth $204,149,000 after buying an additional 15,082 shares during the period. Wesbanco Bank Inc. boosted its position in Alphabet by 2.0% during the 1st quarter. Wesbanco Bank Inc. now owns 22,488 shares of the information services provider’s stock worth $19,065,000 after buying an additional 451 shares during the period. Reynders McVeigh Capital Management LLC boosted its position in Alphabet by 3.6% during the 1st quarter. Reynders McVeigh Capital Management LLC now owns 20,859 shares of the information services provider’s stock worth $17,685,000 after buying an additional 723 shares during the period. Dowling & Yahnke LLC boosted its position in Alphabet by 1.9% during the 1st quarter. Dowling & Yahnke LLC now owns 8,201 shares of the information services provider’s stock worth $6,953,000 after buying an additional 151 shares during the period. Finally, Lourd Capital LLC boosted its position in Alphabet by 4.3% during the 1st quarter. Lourd Capital LLC now owns 1,011 shares of the information services provider’s stock worth $857,000 after buying an additional 42 shares during the period. Institutional investors own 33.68% of the company’s stock.

Alphabet Inc. (GOOGL) opened at $1,035.89 on Monday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market cap of $719,737.44, a PE ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 0.91. Alphabet Inc. has a fifty-two week low of $753.36 and a fifty-two week 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, topping the Zacks’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the firm earned $9.06 EPS. analysts predict that Alphabet Inc. will post 32.34 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/alphabet-inc-googl-shares-bought-by-mogy-joel-r-investment-counsel-inc/1714945.html.

Several research firms recently commented on GOOGL. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,020.52 target price on the stock in a research report on Tuesday, July 25th. UBS AG reiterated an “overweight” rating on shares of Alphabet in a research report on Thursday, August 24th. Stifel Nicolaus lifted their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Bank of America Corporation reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Finally, FBR & Co reiterated an “outperform” rating and set a $1,050.00 target price (up from $1,032.00) on shares of Alphabet in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,088.53.

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 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.