American National Bank Sells 344 Shares of Alphabet Inc. (GOOGL)

American National Bank lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,778 shares of the information services provider’s stock after selling 344 shares during the period. Alphabet comprises about 2.0% of American National Bank’s holdings, making the stock its 10th largest position. American National Bank’s holdings in Alphabet were worth $6,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Delta Asset Management LLC TN increased its position 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 acquiring an additional 2 shares during the period. Farmers National Bank increased its position 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 acquiring an additional 4 shares during the period. Busey Trust CO increased its position in Alphabet by 0.3% in the 1st quarter. Busey Trust CO now owns 1,872 shares of the information services provider’s stock valued at $1,587,000 after acquiring an additional 5 shares during the period. K.J. Harrison & Partners Inc increased its position in Alphabet by 0.3% in the 1st quarter. K.J. Harrison & Partners Inc now owns 1,796 shares of the information services provider’s stock valued at $1,523,000 after acquiring an additional 6 shares during the period. Finally, Union Bankshares Corp increased its position in Alphabet by 0.6% in the 1st quarter. Union Bankshares Corp now owns 1,089 shares of the information services provider’s stock valued at $923,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 33.88% of the company’s stock.

WARNING: This piece was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://transcriptdaily.com/2017/09/16/american-national-bank-sells-344-shares-of-alphabet-inc-googl.html.

Shares of Alphabet Inc. (NASDAQ GOOGL) traded down 0.51% during mid-day trading on Friday, reaching $935.29. The company had a trading volume of 1,994,265 shares. The stock has a market capitalization of $648.04 billion, a P/E ratio of 33.90 and a beta of 0.98. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The company’s 50-day moving average is $940.56 and its 200 day moving average is $926.45.

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

GOOGL has been the topic of several recent analyst reports. B. Riley reiterated a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Sunday, July 30th. Cowen and Company reiterated an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. SunTrust Banks, Inc. initiated coverage on Alphabet in a research report on Tuesday, August 15th. They set a “buy” rating and a $1,100.00 target price on the stock. Robert W. Baird reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Monday, September 11th. Finally, KeyCorp reiterated an “overweight” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $1,053.45.

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)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply