Baker Boyer National Bank purchased a new position in shares of Alphabet Inc (NASDAQ:GOOGL) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 210 shares of the information services provider’s stock, valued at approximately $221,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Beach Investment Management LLC. grew its position in shares of Alphabet by 899.9% in the second quarter. Beach Investment Management LLC. now owns 25,498 shares of the information services provider’s stock valued at $23,705,000 after purchasing an additional 22,948 shares during the period. Sicart Associates LLC grew its position in shares of Alphabet by 9.2% in the second quarter. Sicart Associates LLC now owns 1,950 shares of the information services provider’s stock valued at $1,813,000 after purchasing an additional 165 shares during the period. Wayne Hummer Investments L.L.C. grew its position in shares of Alphabet by 18.0% in the second quarter. Wayne Hummer Investments L.L.C. now owns 1,097 shares of the information services provider’s stock valued at $1,020,000 after purchasing an additional 167 shares during the period. Knowledge Leaders Capital LLC grew its position in shares of Alphabet by 0.8% in the second quarter. Knowledge Leaders Capital LLC now owns 6,594 shares of the information services provider’s stock valued at $6,130,000 after purchasing an additional 50 shares during the period. Finally, Peddock Capital Advisors LLC purchased a new stake in shares of Alphabet in the second quarter valued at $168,000. 34.37% of the stock is owned by institutional investors.

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Alphabet stock opened at $1,094.00 on Thursday. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. Alphabet Inc has a one year low of $824.30 and a one year high of $1,198.00. The company has a market capitalization of $764,309.94, a PE ratio of 60.91, a P/E/G ratio of 1.17 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $10.12 by ($0.42). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The business had revenue of $25.87 billion during the quarter, compared to analyst estimates of $25.65 billion. analysts forecast that Alphabet Inc will post 41.21 EPS for the current year.

Alphabet announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of brokerages have recently commented on GOOGL. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price objective for the company in a research report on Monday, February 5th. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective for the company. in a research report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $1,285.00 price objective on shares of Alphabet in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average target price of $1,167.67.

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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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