Valley National Advisers Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 16.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 842 shares of the information services provider’s stock after purchasing an additional 122 shares during the period. Valley National Advisers Inc.’s holdings in Alphabet were worth $783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pure Financial Advisors Inc. grew its position in Alphabet by 0.4% during the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after buying an additional 1 shares during the period. Baystate Wealth Management LLC grew its position in Alphabet by 0.7% during the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after buying an additional 2 shares during the period. First Bank & Trust grew its position in Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after buying an additional 2 shares during the period. RB Capital Management LLC grew its position in Alphabet by 0.4% during the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after buying an additional 3 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Alphabet by 0.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after buying an additional 3 shares during the period. 33.68% of the stock is owned by hedge funds and other institutional investors.

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Alphabet Inc. (GOOGL) opened at $1,051.92 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The stock has a market cap of $730,875.13, a P/E ratio of 35.22, a P/E/G ratio of 1.77 and a beta of 0.91. Alphabet Inc. has a one year low of $753.36 and a one year high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.14. The business 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 quarter in the prior year, the firm posted $9.06 earnings per share. research analysts forecast that Alphabet Inc. will post 32.34 EPS for the current fiscal year.

GOOGL has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and set a $1,075.00 target price on shares of Alphabet in a research report on Monday, September 25th. UBS Group AG restated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group LLC restated a “buy” rating and set a $1,200.00 target price on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho restated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Finally, Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 target price on the stock. in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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