Indiana Trust & Investment Management CO Sells 53 Shares of Alphabet Inc (GOOGL)

Indiana Trust & Investment Management CO decreased its stake in Alphabet Inc (NASDAQ:GOOGL) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,938 shares of the information services provider’s stock after selling 53 shares during the quarter. Alphabet comprises 1.4% of Indiana Trust & Investment Management CO’s portfolio, making the stock its 15th biggest holding. Indiana Trust & Investment Management CO’s holdings in Alphabet were worth $2,861,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Alphabet by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after acquiring an additional 662,279 shares during the period. BlackRock Inc. boosted its holdings in Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after acquiring an additional 567,337 shares during the period. FMR LLC boosted its holdings in Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after acquiring an additional 367,634 shares during the period. State Street Corp boosted its holdings in Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after acquiring an additional 142,214 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Alphabet by 2.4% during the 2nd quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after acquiring an additional 102,133 shares during the period. Hedge funds and other institutional investors own 33.62% of the company’s stock.

A number of equities analysts recently issued reports on GOOGL shares. CIBC restated an “outperform” rating and set a $1,180.00 price objective (up previously from $1,050.00) on shares of Alphabet in a report on Friday, October 27th. Pivotal Research restated a “hold” rating and set a $970.00 price objective on shares of Alphabet in a report on Friday, October 13th. UBS reiterated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a report on Friday, September 8th. Citigroup reiterated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,089.17.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,072.00 on Monday. The company has a market capitalization of $744,826.69, a price-to-earnings ratio of 35.89, a PEG ratio of 1.80 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 Inc has a 1 year low of $789.62 and a 1 year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. During the same period in the previous year, the company posted $9.06 EPS. research analysts anticipate that Alphabet Inc will post 32.34 earnings per share for the current year.

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Alphabet Company Profile

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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