FineMark National Bank & Trust lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,588 shares of the information services provider’s stock after buying an additional 475 shares during the quarter. FineMark National Bank & Trust’s holdings in Alphabet were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Elefante Mark B raised its stake in Alphabet by 2.4% during the 2nd quarter. Elefante Mark B now owns 597 shares of the information services provider’s stock valued at $556,000 after purchasing an additional 14 shares during the last quarter. Northeast Financial Consultants Inc raised its stake in Alphabet by 0.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 4,381 shares of the information services provider’s stock valued at $4,073,000 after purchasing an additional 17 shares during the last quarter. Dempze Nancy E raised its stake in Alphabet by 7.4% during the 2nd quarter. Dempze Nancy E now owns 2,273 shares of the information services provider’s stock valued at $2,113,000 after purchasing an additional 156 shares during the last quarter. Gardiner Nancy B raised its stake in Alphabet by 6.4% during the 2nd quarter. Gardiner Nancy B now owns 1,376 shares of the information services provider’s stock valued at $1,279,000 after purchasing an additional 83 shares during the last quarter. Finally, Private Wealth Partners LLC raised its stake in Alphabet by 0.9% during the 2nd quarter. Private Wealth Partners LLC now owns 24,838 shares of the information services provider’s stock valued at $23,091,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 33.85% of the company’s stock.

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

Shares of Alphabet Inc. (NASDAQ GOOGL) opened at 993.64 on Friday. The firm’s 50-day moving average is $947.52 and its 200 day moving average is $937.02. The firm has a market capitalization of $688.47 billion, a P/E ratio of 36.01 and a beta of 0.96. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,008.61.

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

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Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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