Wesbanco Bank Inc. increased its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,065 shares of the information services provider’s stock after buying an additional 102 shares during the quarter. Alphabet accounts for 1.3% of Wesbanco Bank Inc.’s portfolio, making the stock its 13th biggest holding. Wesbanco Bank Inc.’s holdings in Alphabet were worth $27,035,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HT Partners LLC boosted its holdings in Alphabet by 5.0% during the second quarter. HT Partners LLC now owns 423 shares of the information services provider’s stock valued at $600,000 after purchasing an additional 20 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Alphabet by 31.6% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 875 shares of the information services provider’s stock valued at $1,241,000 after purchasing an additional 210 shares in the last quarter. McGuire Investment Group LLC boosted its holdings in shares of Alphabet by 1.1% in the 2nd quarter. McGuire Investment Group LLC now owns 2,277 shares of the information services provider’s stock worth $3,229,000 after acquiring an additional 24 shares in the last quarter. First United Bank Trust boosted its holdings in shares of Alphabet by 4.2% in the 2nd quarter. First United Bank Trust now owns 1,329 shares of the information services provider’s stock worth $1,885,000 after acquiring an additional 53 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Alphabet by 1.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the information services provider’s stock worth $18,293,000 after acquiring an additional 200 shares during the last quarter. 34.14% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on Alphabet from $1,400.00 to $1,700.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Oppenheimer restated a “buy” rating and set a $1,445.00 target price on shares of Alphabet in a report on Wednesday, April 29th. Credit Suisse Group increased their target price on Alphabet from $1,500.00 to $1,600.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Needham & Company LLC restated a “buy” rating and set a $1,800.00 target price on shares of Alphabet in a report on Tuesday, July 7th. Finally, Barclays increased their target price on Alphabet from $1,400.00 to $1,600.00 and gave the stock an “overweight” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and forty-two have issued a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,555.61.

Shares of GOOGL traded down $14.36 during trading hours on Tuesday, hitting $1,497.87. The company had a trading volume of 478,740 shares, compared to its average volume of 1,953,015. The firm has a market cap of $1,032.28 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.31 and a beta of 1.06. The business has a fifty day moving average of $1,442.26 and a 200-day moving average of $1,362.06. Alphabet Inc has a 12 month low of $1,008.87 and a 12 month high of $1,576.36. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $11.16 by ($1.29). The company had revenue of $33.71 billion during the quarter, compared to the consensus estimate of $32.59 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. During the same period in the previous year, the company earned $9.50 earnings per share. On average, equities analysts expect that Alphabet Inc will post 41.51 EPS for the current fiscal year.

Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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