First National Trust Co. boosted its position in Alphabet Inc (NASDAQ:GOOGL) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,972 shares of the information services provider’s stock after purchasing an additional 234 shares during the quarter. First National Trust Co.’s holdings in Alphabet were worth $4,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Novare Capital Management LLC increased its stake in shares of Alphabet by 0.9% in the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock worth $7,986,000 after acquiring an additional 80 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Alphabet in the 2nd quarter worth $211,000. Country Trust Bank acquired a new stake in shares of Alphabet in the 2nd quarter worth $44,071,000. Girard Partners LTD. increased its stake in shares of Alphabet by 10.7% in the 1st quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock worth $3,839,000 after acquiring an additional 439 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in shares of Alphabet by 3.0% in the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock worth $351,000 after acquiring an additional 11 shares during the last quarter. 33.68% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on GOOGL shares. B. Riley reaffirmed a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Sunday, July 30th. Mizuho reaffirmed a “buy” rating and issued a $1,220.00 target price on shares of Alphabet in a research note on Monday, August 7th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Wednesday, August 9th. MKM Partners reaffirmed a “buy” rating and issued a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Finally, Cowen Inc reaffirmed an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $1,088.53.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,056.52 on Friday. Alphabet Inc has a twelve month low of $753.36 and a twelve month high of $1,063.62. The company has a market capitalization of $734,071.19, a PE ratio of 35.37, a P/E/G ratio of 1.77 and a beta of 0.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

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

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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