Wesbanco Bank Inc. boosted its position in Alphabet Inc (NASDAQ:GOOGL) by 0.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 20,327 shares of the information services provider’s stock after purchasing an additional 50 shares during the period. Alphabet comprises 1.2% of Wesbanco Bank Inc.’s holdings, making the stock its 15th largest position. Wesbanco Bank Inc.’s holdings in Alphabet were worth $22,953,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of GOOGL. New England Research & Management Inc. lifted its position in Alphabet by 87.3% during the second quarter. New England Research & Management Inc. now owns 751 shares of the information services provider’s stock worth $848,000 after acquiring an additional 350 shares during the last quarter. Pegasus Partners Ltd. increased its holdings in shares of Alphabet by 18.5% during the second quarter. Pegasus Partners Ltd. now owns 468 shares of the information services provider’s stock worth $528,000 after purchasing an additional 73 shares during the period. Swarthmore Group Inc. increased its holdings in shares of Alphabet by 6.3% during the second quarter. Swarthmore Group Inc. now owns 8,050 shares of the information services provider’s stock worth $9,090,000 after purchasing an additional 475 shares during the period. Windward Capital Management Co. CA increased its holdings in shares of Alphabet by 0.4% during the second quarter. Windward Capital Management Co. CA now owns 19,540 shares of the information services provider’s stock worth $22,065,000 after purchasing an additional 71 shares during the period. Finally, Hilltop Holdings Inc. increased its holdings in shares of Alphabet by 117.5% during the first quarter. Hilltop Holdings Inc. now owns 1,855 shares of the information services provider’s stock worth $1,924,000 after purchasing an additional 1,002 shares during the period. Institutional investors and hedge funds own 33.42% of the company’s stock.

Several research analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Alphabet from $1,100.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Monness Crespi & Hardt raised their target price on shares of Alphabet from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. KeyCorp reaffirmed an “overweight” rating and set a $1,430.00 target price (up from $1,230.00) on shares of Alphabet in a report on Tuesday, July 24th. Mizuho reaffirmed a “positive” rating and set a $1,460.00 target price on shares of Alphabet in a report on Tuesday, July 24th. Finally, Aegis raised their target price on shares of Alphabet from $1,360.00 to $1,425.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty have assigned a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,333.29.

Shares of NASDAQ:GOOGL opened at $1,071.05 on Friday. The company has a market capitalization of $729.26 billion, a P/E ratio of 23.58, a PEG ratio of 1.28 and a beta of 1.06. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 1 year low of $984.00 and a 1 year high of $1,291.44.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.54 by $2.52. The business had revenue of $27.16 billion for the quarter, compared to analysts’ expectations of $27.32 billion. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. As a group, equities analysts predict that Alphabet Inc will post 45.24 EPS for the current fiscal year.

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About Alphabet

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 (NASDAQ:GOOGL)

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