First Foundation Advisors raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 28.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,449 shares of the information services provider’s stock after buying an additional 997 shares during the period. First Foundation Advisors’ holdings in Alphabet were worth $3,772,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Delta Asset Management LLC TN raised its stake in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in shares of Alphabet by 58.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock worth $129,000 after buying an additional 56 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Alphabet by 22.6% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 179 shares of the information services provider’s stock worth $152,000 after buying an additional 33 shares in the last quarter. Cordasco Financial Network raised its stake in shares of Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares in the last quarter. Finally, First Command Financial Services Inc. raised its stake in shares of Alphabet by 56.1% in the first quarter. First Command Financial Services Inc. now owns 242 shares of the information services provider’s stock worth $205,000 after buying an additional 87 shares in the last quarter. 33.87% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.08% during trading on Friday, hitting $954.47. 351,716 shares of the stock traded hands. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61. The firm has a 50 day moving average price of $951.38 and a 200-day moving average price of $919.39. The company has a market cap of $661.33 billion, a PE ratio of 34.59 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.25 by $3.24. The company had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the prior year, the business earned $8.42 earnings per share. Analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and set a $1,200.00 price target (up previously from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. UBS AG reissued a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research note on Monday, May 15th. MKM Partners reissued a “buy” rating and set a $1,170.00 price target (up previously from $1,000.00) on shares of Alphabet in a research note on Monday, May 8th. Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Finally, Aegis reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,053.45.

About Alphabet

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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