Family Capital Trust Co increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,673 shares of the information services provider’s stock after buying an additional 91 shares during the quarter. Alphabet comprises about 2.7% of Family Capital Trust Co’s portfolio, making the stock its 7th biggest position. Family Capital Trust Co’s holdings in Alphabet were worth $5,274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Renaissance Investment Group LLC raised its stake in Alphabet by 0.4% during the 2nd quarter. Renaissance Investment Group LLC now owns 4,880 shares of the information services provider’s stock worth $4,537,000 after buying an additional 20 shares during the period. Forte Capital LLC ADV raised its stake in Alphabet by 2.9% during the 2nd quarter. Forte Capital LLC ADV now owns 3,428 shares of the information services provider’s stock worth $3,187,000 after buying an additional 97 shares during the period. National Pension Service raised its stake in Alphabet by 9.7% during the 2nd quarter. National Pension Service now owns 221,022 shares of the information services provider’s stock worth $207,279,000 after buying an additional 19,497 shares during the period. State of Alaska Department of Revenue acquired a new position in Alphabet during the 2nd quarter worth approximately $102,000. Finally, Peak Capital Management LLC acquired a new position in Alphabet during the 2nd quarter worth approximately $517,000. 33.85% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms recently weighed in on GOOGL. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target on the stock. in a research note on Friday. Wells Fargo & Company reaffirmed an “outperform” rating and set a $1,250.00 price target on shares of Alphabet in a research note on Wednesday, September 27th. 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,075.00 price target on shares of Alphabet in a research note on Monday, September 25th. Finally, B. Riley reaffirmed a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research note on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,057.04.

Alphabet Inc. (GOOGL) traded up 0.81% during midday trading on Friday, reaching $993.18. The company’s stock had a trading volume of 837,345 shares. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61. The firm has a market cap of $688.15 billion, a P/E ratio of 35.99 and a beta of 0.96. The firm has a 50 day moving average price of $945.63 and a 200 day moving average price of $936.12.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion during 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 quarter in the previous year, the firm earned $8.42 EPS. Equities research analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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