Watch Point Trust Co grew its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,254 shares of the information services provider’s stock after acquiring an additional 114 shares during the quarter. Watch Point Trust Co’s holdings in Alphabet Inc Class A were worth $1,416,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Beach Investment Management LLC. increased its stake in shares of Alphabet Inc Class A by 16.9% in the 2nd quarter. Beach Investment Management LLC. now owns 1,800 shares of the information services provider’s stock valued at $2,033,000 after acquiring an additional 260 shares during the last quarter. First National Trust Co increased its stake in shares of Alphabet Inc Class A by 4.8% in the 2nd quarter. First National Trust Co now owns 5,974 shares of the information services provider’s stock valued at $6,746,000 after acquiring an additional 276 shares during the last quarter. Cypress Asset Management Inc. TX increased its stake in shares of Alphabet Inc Class A by 4.1% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 1,634 shares of the information services provider’s stock valued at $1,845,000 after acquiring an additional 65 shares during the last quarter. Telos Capital Management Inc. increased its stake in shares of Alphabet Inc Class A by 6.9% in the 2nd quarter. Telos Capital Management Inc. now owns 2,891 shares of the information services provider’s stock valued at $3,265,000 after acquiring an additional 187 shares during the last quarter. Finally, Northstar Group Inc. increased its stake in shares of Alphabet Inc Class A by 1.4% in the 2nd quarter. Northstar Group Inc. now owns 3,367 shares of the information services provider’s stock valued at $3,802,000 after acquiring an additional 45 shares during the last quarter. 33.53% of the stock is owned by institutional investors.

A number of analysts recently issued reports on GOOGL shares. Monness Crespi & Hardt increased their target price on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Zacks Investment Research cut Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Canaccord Genuity reissued a “hold” rating and set a $1,170.00 target price (up from $1,050.00) on shares of Alphabet Inc Class A in a research note on Tuesday, July 24th. ValuEngine raised Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $1,250.00 target price (up from $1,200.00) on shares of Alphabet Inc Class A in a research note on Thursday, June 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-one have given a buy rating to the stock. Alphabet Inc Class A presently has a consensus rating of “Buy” and a consensus target price of $1,317.07.

NASDAQ:GOOGL opened at $1,092.16 on Thursday. Alphabet Inc Class A has a twelve month low of $977.08 and a twelve month high of $1,291.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. The company has a market cap of $840.06 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.53 and a beta of 1.11.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, beating the consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same quarter in the prior year, the firm posted $5.01 EPS. On average, sell-side analysts forecast that Alphabet Inc Class A will post 42.53 earnings per share for the current fiscal year.

About Alphabet Inc Class A

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 Inc Class A (NASDAQ:GOOGL)

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