Legacy Capital Partners Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 600 shares of the information services provider’s stock after purchasing an additional 5 shares during the quarter. Legacy Capital Partners Inc.’s holdings in Alphabet were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Alphabet during the 2nd quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in Alphabet during the 1st quarter valued at approximately $108,000. Delta Asset Management LLC TN boosted its position in Alphabet by 1.5% during the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2 shares in the last quarter. Farmers National Bank boosted its position in Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 4 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its position in Alphabet by 58.3% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after acquiring an additional 56 shares in the last quarter. 33.87% of the stock is currently owned by institutional investors.

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GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $1,075.00 price target on shares of Alphabet in a research report on Monday, September 25th. UBS AG reissued a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $1,200.00 price target on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Finally, Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target on the stock. in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,087.02.

Alphabet Inc. (NASDAQ GOOGL) traded up 1.34% on Wednesday, hitting $1046.91. 1,160,982 shares of the company’s stock traded hands. The stock has a 50-day moving average of $978.58 and a 200-day moving average of $957.33. The stock has a market cap of $725.38 billion, a PE ratio of 37.94 and a beta of 0.96. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same quarter last year, the business earned $9.06 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post $32.05 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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