First National Bank Sioux Falls lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 178 shares of the information services provider’s stock after purchasing an additional 12 shares during the quarter. First National Bank Sioux Falls’ holdings in Alphabet were worth $261,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC raised its stake in Alphabet by 4.1% in the second quarter. Lido Advisors LLC now owns 10,045 shares of the information services provider’s stock valued at $14,245,000 after purchasing an additional 395 shares in the last quarter. Old North State Trust LLC increased its holdings in Alphabet by 36.1% in the 1st quarter. Old North State Trust LLC now owns 132 shares of the information services provider’s stock valued at $153,000 after buying an additional 35 shares during the period. AE Wealth Management LLC raised its position in shares of Alphabet by 78.3% in the 2nd quarter. AE Wealth Management LLC now owns 12,543 shares of the information services provider’s stock valued at $17,786,000 after buying an additional 5,507 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Alphabet by 6.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 124,261 shares of the information services provider’s stock worth $176,209,000 after acquiring an additional 7,092 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of Alphabet by 2.7% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 308 shares of the information services provider’s stock worth $437,000 after acquiring an additional 8 shares during the period. Institutional investors own 33.78% of the company’s stock.
GOOGL opened at $1,567.70 on Friday. The company has a fifty day moving average price of $1,519.73 and a two-hundred day moving average price of $1,433.08. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,726.10. The company has a market cap of $1,066.29 billion, a P/E ratio of 34.48, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10. The company has a current ratio of 3.41, a quick ratio of 3.40 and a debt-to-equity ratio of 0.02.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The company had revenue of $31.60 billion during the quarter, compared to the consensus estimate of $30.58 billion. On average, research analysts forecast that Alphabet Inc will post 44.87 EPS for the current fiscal year.
Several research analysts have commented on the stock. Goldman Sachs Group boosted their price objective on shares of Alphabet from $1,425.00 to $1,775.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. They noted that the move was a valuation call. Credit Suisse Group boosted their price target on Alphabet from $1,600.00 to $1,850.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. Monness Crespi & Hardt raised their price objective on Alphabet from $1,420.00 to $1,700.00 and gave the company a “buy” rating in a research note on Friday, July 31st. KeyCorp initiated coverage on Alphabet in a research report on Monday, September 14th. They issued an “overweight” rating and a $1,955.00 target price on the stock. Finally, SunTrust Banks increased their target price on shares of Alphabet from $1,805.00 to $1,850.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Four equities research analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,679.91.
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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