Wesbanco Bank Inc. raised its stake in Alphabet Inc Class A (NASDAQ:GOOGL) by 40.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,277 shares of the information services provider’s stock after purchasing an additional 5,876 shares during the quarter. Alphabet Inc Class A makes up about 1.1% of Wesbanco Bank Inc.’s portfolio, making the stock its 20th biggest holding. Wesbanco Bank Inc.’s holdings in Alphabet Inc Class A were worth $21,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of GOOGL. Moors & Cabot Inc. boosted its stake in shares of Alphabet Inc Class A by 6.9% during the 1st quarter. Moors & Cabot Inc. now owns 3,538 shares of the information services provider’s stock worth $3,669,000 after acquiring an additional 227 shares during the period. Xact Kapitalforvaltning AB boosted its stake in shares of Alphabet Inc Class A by 3.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 56,273 shares of the information services provider’s stock worth $58,363,000 after acquiring an additional 2,085 shares during the period. Gables Capital Management Inc. bought a new position in shares of Alphabet Inc Class A during the 1st quarter worth approximately $1,040,000. Nvwm LLC boosted its stake in shares of Alphabet Inc Class A by 7.0% during the 1st quarter. Nvwm LLC now owns 3,097 shares of the information services provider’s stock worth $3,136,000 after acquiring an additional 202 shares during the period. Finally, Lara May & Associates LLC bought a new position in shares of Alphabet Inc Class A during the 1st quarter worth approximately $271,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Several research analysts have recently commented on GOOGL shares. Aegis lifted their target price on Alphabet Inc Class A from $1,350.00 to $1,360.00 and gave the stock a “buy” rating in a research note on Thursday, May 17th. Morgan Stanley reiterated an “overweight” rating and set a $1,250.00 target price (up from $1,200.00) on shares of Alphabet Inc Class A in a research note on Thursday, June 28th. Zacks Investment Research downgraded Alphabet Inc Class A from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Nomura started coverage on Alphabet Inc Class A in a research note on Tuesday, July 10th. They set a “buy” rating and a $1,400.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,307.23.

NASDAQ:GOOGL opened at $1,254.44 on Friday. The company has a market cap of $867.05 billion, a P/E ratio of 30.42, a PEG ratio of 1.57 and a beta of 1.13. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 1-year low of $919.31 and a 1-year high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.51 by $2.24. The business had revenue of $26.24 billion during the quarter, compared to analysts’ expectations of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same period last year, the firm posted $5.01 EPS. equities research analysts forecast that Alphabet Inc Class A will post 42.73 earnings per share for the current year.

About Alphabet Inc Class A

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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