Murphy Pohlad Asset Management LLC Maintains Holdings in Alphabet Inc. (GOOGL)

Murphy Pohlad Asset Management LLC maintained its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270 shares of the information services provider’s stock at the end of the second quarter. Murphy Pohlad Asset Management LLC’s holdings in Alphabet were worth $251,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in shares of Alphabet during the second quarter valued at $102,000. Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Alphabet during the first quarter valued at $108,000. Parkside Financial Bank & Trust raised its stake in shares of Alphabet by 39.6% during the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock valued at $118,000 after acquiring an additional 36 shares during the last quarter. Farmers National Bank raised its stake in shares of Alphabet by 2.7% during the first 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 last quarter. Finally, Riggs Asset Managment Co. Inc. raised its stake in shares of Alphabet by 58.3% during the first quarter. Riggs Asset Managment Co. Inc. now owns 152 shares of the information services provider’s stock valued at $129,000 after acquiring an additional 56 shares during the last quarter. 33.81% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc. (NASDAQ:GOOGL) opened at $1,041.64 on Wednesday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12-month low of $753.36 and a 12-month high of $1,063.62. The firm has a market cap of $723,426.81, a PE ratio of 34.86, a P/E/G ratio of 1.76 and a beta of 0.91.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $22.27 billion for the quarter, compared to analyst estimates of $21.94 billion. During the same period last year, the firm earned $9.06 earnings per share. research analysts predict that Alphabet Inc. will post 32.15 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on GOOGL shares. CIBC reiterated an “outperform” rating and set a $1,180.00 price objective (up from $1,050.00) on shares of Alphabet in a research report on Friday, October 27th. Morgan Stanley reiterated an “overweight” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Saturday, July 22nd. Pivotal Research reiterated a “hold” rating and set a $940.00 price objective (down from $980.00) on shares of Alphabet in a research report on Tuesday, July 25th. Deutsche Bank AG reiterated a “buy” rating and set a $1,258.00 price objective (up from $1,250.00) on shares of Alphabet in a research report on Saturday, July 22nd. Finally, Citigroup Inc. increased their price objective on shares of Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,088.53.

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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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