HL Financial Services LLC increased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,899 shares of the information services provider’s stock after purchasing an additional 212 shares during the period. HL Financial Services LLC’s holdings in Alphabet were worth $4,770,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue bought a new position in Alphabet in the 2nd quarter valued at $102,000. Parkside Financial Bank & Trust boosted 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 purchasing an additional 36 shares during the period. Odey Holdings AG boosted its holdings in Alphabet by 18.2% in the 2nd quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 20 shares during the period. Lloyds Banking Group plc bought a new position in Alphabet in the 2nd quarter valued at $133,000. Finally, Farmers National Bank boosted its holdings in Alphabet by 3.3% in the 2nd quarter. Farmers National Bank now owns 155 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 5 shares during the period. 33.57% of the stock is owned by institutional investors.

Several research analysts have commented on the stock. KeyCorp reissued an “overweight” rating and issued a $1,280.00 price target (up from $1,150.00) on shares of Alphabet in a report on Friday. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks lowered their price objective on shares of Alphabet from $1,250.00 to $1,180.00 in a research report on Monday, January 15th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,179.78 price objective on the stock in a research report on Monday, January 8th. Finally, Cowen raised their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,101.79.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,143.50 on Friday. Alphabet Inc has a 52-week low of $812.05 and a 52-week high of $1,148.88. The stock has a market cap of $794,505.00, a PE ratio of 38.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 firm had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same quarter in the previous year, the company earned $9.06 earnings per share. equities research analysts expect that Alphabet Inc will post 32.36 EPS for the current fiscal year.

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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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