Alphabet Inc. (GOOGL) Stake Raised by NBT Bank N A NY
NBT Bank N A NY raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,813 shares of the information services provider’s stock after buying an additional 520 shares during the period. NBT Bank N A NY’s holdings in Alphabet were worth $4,080,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in shares of Alphabet by 71,762.1% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 115,698 shares of the information services provider’s stock valued at $116,000 after buying an additional 115,537 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the period. Cordasco Financial Network boosted its stake in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares during the last quarter. First Command Financial Services Inc. boosted its stake in Alphabet by 56.1% in the first quarter. First Command Financial Services Inc. now owns 242 shares of the information services provider’s stock worth $205,000 after buying an additional 87 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in Alphabet during the fourth quarter worth approximately $221,000. 34.37% of the stock is owned by institutional investors and hedge funds.
Alphabet Inc. (NASDAQ:GOOGL) traded up 0.58% during midday trading on Friday, hitting $945.79. The company had a trading volume of 1,254,349 shares. The stock has a 50 day moving average price of $963.05 and a 200-day moving average price of $904.34. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The stock has a market capitalization of $655.32 billion, a PE ratio of 34.28 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.25 by $3.24. The firm had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the business posted $8.42 EPS. On average, equities analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.
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A number of research firms have recently commented on GOOGL. B. Riley reiterated a “buy” rating and set a $1,032.00 target price on shares of Alphabet in a research note on Friday, April 28th. UBS AG reiterated a “buy” rating and set a $1,050.00 target price (up from $980.00) on shares of Alphabet in a research note on Saturday, April 29th. Goldman Sachs Group, Inc. (The) lowered their price objective on Alphabet from $1,100.00 to $970.00 and set a “buy” rating on the stock in a research note on Friday, April 28th. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, April 17th. Finally, Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price objective on the stock in a research note on Monday, July 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,043.51.
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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