Northstar Wealth Partners LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 696 shares of the information services provider’s stock after buying an additional 25 shares during the period. Northstar Wealth Partners LLC’s holdings in Alphabet were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue purchased a new position in Alphabet in the 2nd quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in Alphabet in the 1st quarter valued at approximately $108,000. Delta Asset Management LLC TN grew its stake in Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares in the last quarter. Parkside Financial Bank & Trust grew 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 valued at $118,000 after buying an additional 36 shares in the last quarter. Finally, Farmers National Bank grew its stake in Alphabet by 2.7% in the 1st quarter. Farmers National Bank now owns 150 shares of the information services provider’s stock valued at $127,000 after buying an additional 4 shares in the last quarter. Institutional investors and hedge funds own 33.87% of the company’s stock.
A number of research analysts recently weighed in on GOOGL shares. Goldman Sachs Group, Inc. (The) lifted their price objective on shares of Alphabet from $1,125.00 to $1,175.00 in a research note on Friday. Jefferies Group LLC restated a “buy” rating and set a $1,200.00 price target on shares of Alphabet in a research report on Tuesday, July 4th. Aegis restated a “buy” rating and set a $1,090.00 price target on shares of Alphabet in a research report on Monday, July 3rd. Societe Generale set a $1,210.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Finally, Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,030.26 price target for the company. in a research report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $1,083.05.
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Shares of Alphabet Inc. (GOOGL) opened at 1033.67 on Monday. The stock has a market cap of $716.21 billion, a PE ratio of 37.46 and a beta of 0.96. Alphabet Inc. has a one year low of $743.59 and a one year high of $1,063.62. The firm has a 50-day moving average of $973.54 and a 200-day moving average of $953.74.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. During the same quarter in the previous year, the business posted $9.06 EPS. On average, equities research analysts expect that Alphabet Inc. will post $30.63 earnings per share for the current fiscal year.
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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