Alphabet Inc (GOOGL) Holdings Increased by Eastern Bank

Eastern Bank raised its holdings in Alphabet Inc (NASDAQ:GOOGL) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,223 shares of the information services provider’s stock after buying an additional 258 shares during the quarter. Alphabet makes up approximately 1.5% of Eastern Bank’s holdings, making the stock its 16th largest holding. Eastern Bank’s holdings in Alphabet were worth $20,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pure Financial Advisors Inc. grew its holdings in shares of Alphabet by 0.4% during the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after purchasing an additional 1 shares during the period. First Bank & Trust grew its holdings in shares of Alphabet by 0.3% during the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after purchasing an additional 2 shares during the period. Fort Pitt Capital Group LLC grew its holdings in shares of Alphabet by 0.3% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after purchasing an additional 2 shares during the period. RB Capital Management LLC grew its holdings in shares of Alphabet by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after purchasing an additional 3 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Alphabet by 0.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after purchasing an additional 3 shares during the period. Institutional investors own 33.55% of the company’s stock.

GOOGL has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a report on Thursday, August 31st. SunTrust Banks reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a report on Thursday, September 7th. UBS Group reiterated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a report on Friday, September 8th. Robert W. Baird reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a report on Monday, September 11th. Finally, Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,046.78 target price for the company in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,091.54.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,065.85 on Wednesday. Alphabet Inc has a 52-week low of $789.62 and a 52-week high of $1,086.49. The stock has a market capitalization of $742,645.00, a P/E ratio of 35.68, a price-to-earnings-growth 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 (NASDAQ:GOOGL) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period in the prior year, the company posted $9.06 EPS. equities research analysts anticipate that Alphabet Inc will post 32.34 earnings per share for the current year.

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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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