St. Johns Investment Management Company LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,587 shares of the information services provider’s stock after purchasing an additional 23 shares during the period. Alphabet accounts for about 1.8% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 12th biggest position. St. Johns Investment Management Company LLC’s holdings in Alphabet were worth $2,405,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Alta Capital Management LLC boosted its position in shares of Alphabet by 1.3% during the 1st quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock valued at $66,982,000 after purchasing an additional 1,001 shares in the last quarter. Patriot Wealth Management Inc. boosted its position in shares of Alphabet by 2.6% during the 1st quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock valued at $4,747,000 after purchasing an additional 141 shares in the last quarter. Girard Partners LTD. boosted its position in shares of Alphabet by 10.7% during the 1st quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock valued at $3,839,000 after purchasing an additional 439 shares in the last quarter. Courier Capital LLC boosted its position in shares of Alphabet by 7.9% during the 1st quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock valued at $523,000 after purchasing an additional 45 shares in the last quarter. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC boosted its position in shares of Alphabet by 11.0% during the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock valued at $1,471,000 after purchasing an additional 172 shares in the last quarter. Institutional investors own 33.85% of the company’s stock.

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Shares of Alphabet Inc. (NASDAQ GOOGL) traded up 0.81% during midday trading on Friday, hitting $993.18. The company had a trading volume of 837,350 shares. The stock has a 50 day moving average price of $945.63 and a 200 day moving average price of $936.12. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The firm has a market capitalization of $688.15 billion, a P/E ratio of 35.99 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $8.42 EPS. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

A number of research analysts recently weighed in on the company. J P Morgan Chase & Co upped their price target on Alphabet from $1,075.00 to $1,115.00 and gave the stock an “overweight” rating in a research note on Saturday, July 22nd. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,020.52 price target on the stock in a research note on Tuesday, July 25th. UBS AG reaffirmed an “overweight” rating on shares of Alphabet in a research note on Thursday, August 24th. Canaccord Genuity downgraded Alphabet from a “buy” rating to a “hold” rating and upped their price target for the stock from $967.93 to $1,000.00 in a research note on Thursday, June 15th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,057.04.

Alphabet Company Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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