Texas Yale Capital Corp. increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,731 shares of the information services provider’s stock after acquiring an additional 37 shares during the period. Texas Yale Capital Corp.’s holdings in Alphabet were worth $2,539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new position in Alphabet in the second quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet in the first quarter worth about $108,000. Parkside Financial Bank & Trust grew its position in Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after acquiring an additional 36 shares in the last quarter. Lloyds Banking Group plc purchased a new position in Alphabet in the second quarter worth about $133,000. Finally, Farmers National Bank grew its position in Alphabet by 2.7% in the first quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock worth $127,000 after acquiring an additional 4 shares in the last quarter. Institutional investors own 33.81% of the company’s stock.

Several analysts have issued reports on GOOGL shares. Stifel Nicolaus reissued a “buy” rating and issued a $1,075.00 price objective on shares of Alphabet in a research note on Monday, September 25th. UBS AG reissued a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research note on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and issued a $1,200.00 price objective on shares of Alphabet in a research note on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, October 17th. Finally, Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,088.53.

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Shares of Alphabet Inc. (GOOGL) opened at $1,048.47 on Friday. The firm has a market cap of $720,098.75, a price-to-earnings ratio of 34.70, a PEG ratio of 1.75 and a beta of 0.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $753.36 and a 1-year high of $1,063.62.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the company earned $9.06 earnings per share. analysts predict that Alphabet Inc. will post 32.15 EPS for the current fiscal year.

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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