Van Cleef Asset Management Inc boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,863 shares of the information services provider’s stock after purchasing an additional 18 shares during the quarter. Alphabet accounts for approximately 2.1% of Van Cleef Asset Management Inc’s holdings, making the stock its 15th biggest position. Van Cleef Asset Management Inc’s holdings in Alphabet were worth $7,310,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue bought a new stake in Alphabet in the 2nd quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC bought a new stake in Alphabet in the 1st quarter valued at $108,000. Parkside Financial Bank & Trust increased its holdings in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after buying an additional 36 shares during the period. Farmers National Bank increased its holdings in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares during the period. Finally, Riggs Asset Managment Co. Inc. increased its holdings in Alphabet by 58.3% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 33.68% of the company’s stock.

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

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Alphabet Inc. (NASDAQ GOOGL) opened at $1,051.92 on Friday. 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 52-week low of $753.36 and a 52-week high of $1,063.62. The stock has a market cap of $730,875.13, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. During the same period in the prior year, the company posted $9.06 EPS. equities research analysts anticipate that Alphabet Inc. will post 32.34 earnings per share for the current 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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