Ledyard National Bank Has $5.54 Million Position in Alphabet Inc. (GOOGL)

Ledyard National Bank lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,958 shares of the information services provider’s stock after purchasing an additional 63 shares during the period. Ledyard National Bank’s holdings in Alphabet were worth $5,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Alphabet by 1.2% in 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 purchasing an additional 142,214 shares during the period. Bank of Montreal Can lifted its stake in shares of Alphabet by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after purchasing an additional 8,375 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Alphabet by 2.6% in the 1st quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after purchasing an additional 27,598 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Alphabet by 4.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 994,541 shares of the information services provider’s stock valued at $843,172,000 after purchasing an additional 45,805 shares during the period. Finally, Boston Partners lifted its stake in shares of Alphabet by 9.9% in the 1st quarter. Boston Partners now owns 970,802 shares of the information services provider’s stock valued at $823,046,000 after purchasing an additional 87,783 shares during the period. Hedge funds and other institutional investors own 33.85% of the company’s stock.

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A number of research firms have weighed in on GOOGL. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,030.26 price objective for the company. in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a research report on Tuesday, July 4th. Aegis restated a “buy” rating and set a $1,090.00 price objective on shares of Alphabet in a research report on Monday, July 3rd. Finally, MKM Partners restated a “buy” rating and set a $1,170.00 price objective on shares of Alphabet in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $1,057.04.

Shares of Alphabet Inc. (GOOGL) traded up 0.86% during mid-day trading on Friday, reaching $993.64. 1,553,033 shares of the company traded hands. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The firm’s 50 day moving average price is $947.52 and its 200-day moving average price is $937.02. The company has a market capitalization of $688.47 billion, a P/E ratio of 36.01 and a beta of 0.96.

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 the Zacks’ consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the prior year, the company earned $8.42 EPS. Equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

Alphabet 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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