Woodstock Corp reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,463 shares of the information services provider’s stock after selling 235 shares during the period. Woodstock Corp’s holdings in Alphabet were worth $6,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Beese Fulmer Investment Management Inc. grew its position in shares of Alphabet by 1.1% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 6,171 shares of the information services provider’s stock valued at $5,232,000 after purchasing an additional 68 shares in the last quarter. OLD Second National Bank of Aurora grew its position in shares of Alphabet by 2.9% during the 1st quarter. OLD Second National Bank of Aurora now owns 5,450 shares of the information services provider’s stock valued at $4,621,000 after purchasing an additional 152 shares in the last quarter. Howland Capital Management LLC grew its position in shares of Alphabet by 12.1% during the 1st quarter. Howland Capital Management LLC now owns 9,344 shares of the information services provider’s stock valued at $7,922,000 after purchasing an additional 1,012 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Alphabet by 14.0% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 5,992 shares of the information services provider’s stock valued at $5,080,000 after purchasing an additional 736 shares in the last quarter. Finally, Vicus Capital purchased a new position in shares of Alphabet during the 1st quarter valued at $268,000. Hedge funds and other institutional investors own 33.85% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.86% on Friday, hitting $993.64. 1,553,033 shares of the stock traded hands. The stock’s 50 day moving average price is $947.52 and its 200 day moving average price is $937.02. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The stock has a market cap of $688.47 billion, a P/E ratio of 36.01 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same period in the previous year, the firm earned $8.42 EPS. On average, equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

GOOGL has been the subject of a number of recent analyst reports. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 price target for the company in a research report on Tuesday, June 27th. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Saturday, September 23rd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $1,150.00 price objective on shares of Alphabet in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,057.04.

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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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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