Cutler Investment Counsel LLC bought a new stake in shares of Alphabet Inc (NASDAQ:GOOGL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 229 shares of the information services provider’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Novare Capital Management LLC boosted its stake in Alphabet by 0.9% in the 2nd quarter. Novare Capital Management LLC now owns 8,590 shares of the information services provider’s stock worth $7,986,000 after purchasing an additional 80 shares during the period. Camelot Portfolios LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at about $211,000. Country Trust Bank bought a new stake in shares of Alphabet during the 2nd quarter valued at about $44,071,000. Anchor Capital Advisors LLC boosted its position in shares of Alphabet by 3.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 378 shares of the information services provider’s stock valued at $351,000 after acquiring an additional 11 shares during the last quarter. Finally, Opera Trading Capital bought a new stake in shares of Alphabet during the 2nd quarter valued at about $1,010,000. 33.62% of the stock is owned by institutional investors.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,049.38 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. The company has a market capitalization of $725,768.25, a price-to-earnings ratio of 34.97, a P/E/G ratio of 1.75 and a beta of 0.89. Alphabet Inc has a 1 year low of $789.62 and a 1 year high of $1,080.00.

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

A number of research firms recently weighed in on GOOGL. UBS restated an “overweight” rating on shares of Alphabet in a research report on Thursday, August 24th. Stifel Nicolaus lifted their price target on Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Bank of America reaffirmed a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $1,150.00 price target on shares of Alphabet in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,089.17.

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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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