Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Security National Trust Co.

Security National Trust Co. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,797 shares of the information services provider’s stock after selling 21 shares during the period. Security National Trust Co.’s holdings in Alphabet were worth $1,524,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Alphabet by 71,762.1% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 115,698 shares of the information services provider’s stock valued at $116,000 after buying an additional 115,537 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the period. Jackson Grant Investment Advisers Inc. increased its position in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock worth $135,000 after buying an additional 1 shares during the period. Cordasco Financial Network increased its position in shares of Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares during the period. Finally, First Command Financial Services Inc. increased its position in shares of Alphabet by 56.1% in the first quarter. First Command Financial Services Inc. now owns 242 shares of the information services provider’s stock worth $205,000 after buying an additional 87 shares during the period. Institutional investors and hedge funds own 34.31% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 930.09 on Friday. The firm has a 50-day moving average of $956.22 and a 200 day moving average of $908.99. The company has a market capitalization of $644.44 billion, a P/E ratio of 33.71 and a beta of 0.99. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by $3.24. The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter last year, the business posted $8.42 EPS. On average, analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.

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A number of brokerages have weighed in on GOOGL. B. Riley reissued a “buy” rating and set a $1,032.00 price target on shares of Alphabet in a research report on Friday, April 28th. UBS AG reissued a “buy” rating and set a $1,050.00 price target (up previously from $980.00) on shares of Alphabet in a research report on Saturday, April 29th. MKM Partners reissued a “buy” rating and set a $1,210.00 price target (up previously from $1,170.00) on shares of Alphabet in a research report on Thursday. Cowen and Company reissued an “outperform” rating and set a $1,075.00 price target on shares of Alphabet in a research report on Thursday. Finally, Goldman Sachs Group, Inc. (The) decreased their target price on Alphabet from $1,100.00 to $970.00 and set a “buy” rating on the stock in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,049.20.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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