Alphabet Inc. (GOOGL) Stake Boosted by Private Capital Advisors Inc.
Private Capital Advisors Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 20.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,258 shares of the information services provider’s stock after purchasing an additional 1,733 shares during the period. Alphabet comprises about 3.1% of Private Capital Advisors Inc.’s portfolio, making the stock its 5th biggest holding. Private Capital Advisors Inc.’s holdings in Alphabet were worth $9,537,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CHICAGO TRUST Co NA boosted its holdings in Alphabet by 13.4% during the second quarter. CHICAGO TRUST Co NA now owns 1,100 shares of the information services provider’s stock worth $1,022,000 after buying an additional 130 shares in the last quarter. Trust Department MB Financial Bank N A grew its position in Alphabet by 0.7% during the second quarter. Trust Department MB Financial Bank N A now owns 20,218 shares of the information services provider’s stock valued at $18,796,000 after buying an additional 131 shares during the period. Webster Bank N. A. grew its position in Alphabet by 4.8% during the second quarter. Webster Bank N. A. now owns 8,437 shares of the information services provider’s stock valued at $7,844,000 after buying an additional 383 shares during the period. Union Bankshares Corp grew its position in Alphabet by 4.0% during the second quarter. Union Bankshares Corp now owns 1,133 shares of the information services provider’s stock valued at $1,053,000 after buying an additional 44 shares during the period. Finally, Bank of The West grew its position in Alphabet by 1.1% during the second quarter. Bank of The West now owns 16,459 shares of the information services provider’s stock valued at $15,302,000 after buying an additional 172 shares during the period. Hedge funds and other institutional investors own 33.85% of the company’s stock.
GOOGL has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Monday, September 25th. UBS AG reissued a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a research note on Friday, September 8th. Zacks Investment Research cut Alphabet from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. B. Riley restated a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Monday, September 25th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, forty-one have assigned a buy rating and two have issued a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,056.14.
Shares of Alphabet Inc. (GOOGL) traded down 0.59% during mid-day trading on Monday, reaching $968.01. The company’s stock had a trading volume of 787,951 shares. The firm has a market capitalization of $670.71 billion, a PE ratio of 35.08 and a beta of 0.96. Alphabet Inc. has a 52 week low of $743.59 and a 52 week high of $1,008.61. The firm has a 50-day moving average of $939.49 and a 200-day moving average of $928.76.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The firm had revenue of $20.92 billion for the quarter, compared to analyst estimates 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 firm posted $8.42 earnings per share. Equities research analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
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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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