Alphabet Inc (GOOGL) Position Maintained by United Bank VA
United Bank VA continued to hold its position in shares of Alphabet Inc (NASDAQ:GOOGL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 290 shares of the information services provider’s stock at the close of the 2nd quarter. United Bank VA’s holdings in Alphabet were worth $269,000 at the end of the most recent reporting period.
Other institutional investors have 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 2nd quarter worth about $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet in the 1st quarter worth about $108,000. Parkside Financial Bank & Trust increased its stake in Alphabet by 39.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the period. Odey Holdings AG increased its stake in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the period. Finally, Farmers National Bank increased its position in Alphabet by 2.7% during the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after purchasing an additional 4 shares during the period. Hedge funds and other institutional investors own 33.62% of the company’s stock.
A number of research analysts have commented on GOOGL shares. UBS reissued an “overweight” rating on shares of Alphabet in a research report on Thursday, August 24th. Robert W. Baird reissued an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Saturday, August 26th. Monness Crespi & Hardt reissued a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. Credit Suisse Group reissued an “outperform” rating on shares of Alphabet in a research report on Thursday, August 31st. Finally, SunTrust Banks reissued a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,089.17.
Alphabet (NASDAQ:GOOGL) last released its 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 company had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period last year, the business earned $9.06 EPS. analysts anticipate that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.
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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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