Trust Co. of Toledo NA OH grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,804 shares of the information services provider’s stock after acquiring an additional 350 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Alphabet were worth $2,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Investec Asset Management LTD increased its position in Alphabet by 62.7% in the first quarter. Investec Asset Management LTD now owns 621,109 shares of the information services provider’s stock worth $526,576,000 after purchasing an additional 239,390 shares during the last quarter. Karp Capital Management Corp raised its stake in Alphabet by 5,218.2% during the first quarter. Karp Capital Management Corp now owns 199,752 shares of the information services provider’s stock valued at $169,350,000 after purchasing an additional 195,996 shares in the last quarter. State Street Corp raised its stake in Alphabet by 1.2% during the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares in the last quarter. Boston Partners raised its stake in Alphabet by 9.9% during the first quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock valued at $823,046,000 after purchasing an additional 87,783 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Alphabet during the first quarter valued at $72,063,000. Hedge funds and other institutional investors own 33.85% of the company’s stock.

Several equities analysts have commented on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday, July 4th. Aegis restated a “buy” rating and issued a $1,090.00 target price on shares of Alphabet in a report on Monday, July 3rd. Moffett Nathanson restated a “buy” rating on shares of Alphabet in a report on Friday, June 9th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 target price on the stock in a report on Monday, June 5th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $1,070.00 target price on shares of Alphabet in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,056.14.

Shares of Alphabet Inc. (NASDAQ GOOGL) traded down 0.112% on Tuesday, hitting $966.385. 537,768 shares of the company traded hands. The company has a market capitalization of $669.59 billion, a PE ratio of 35.023 and a beta of 0.96. The stock’s 50-day moving average price is $942.69 and its 200-day moving average price is $934.82. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The firm had revenue of $20.92 billion during the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period last year, the company earned $8.42 earnings per share. On average, equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/03/trust-co-of-toledo-na-oh-purchases-350-shares-of-alphabet-inc-googl.html.

About Alphabet

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Stock Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related stocks with our FREE daily email newsletter.