First Command Bank Boosts Holdings in Alphabet Inc (NASDAQ:GOOGL)

First Command Bank raised its holdings in Alphabet Inc (NASDAQ:GOOGL) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 490 shares of the information services provider’s stock after purchasing an additional 11 shares during the quarter. First Command Bank’s holdings in Alphabet were worth $599,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. First Financial Corp IN raised its position in shares of Alphabet by 5.6% in the third quarter. First Financial Corp IN now owns 266 shares of the information services provider’s stock worth $324,000 after acquiring an additional 14 shares during the period. Osher Van de Voorde Investment Management raised its position in shares of Alphabet by 4.1% in the third quarter. Osher Van de Voorde Investment Management now owns 302 shares of the information services provider’s stock worth $368,000 after acquiring an additional 12 shares during the period. PrairieView Partners LLC acquired a new position in shares of Alphabet in the third quarter worth about $484,000. Summit X LLC raised its position in shares of Alphabet by 0.6% in the third quarter. Summit X LLC now owns 2,198 shares of the information services provider’s stock worth $2,675,000 after acquiring an additional 14 shares during the period. Finally, Wealthfront Advisers LLC raised its position in shares of Alphabet by 14.9% in the third quarter. Wealthfront Advisers LLC now owns 13,083 shares of the information services provider’s stock worth $15,976,000 after acquiring an additional 1,699 shares during the period. 33.52% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on GOOGL shares. Credit Suisse Group upped their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Zacks Investment Research upgraded shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,189.00 price objective for the company in a research report on Monday, July 8th. Royal Bank of Canada upped their price objective on shares of Alphabet from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Susquehanna Bancshares upped their price objective on shares of Alphabet to $1,550.00 in a research report on Friday, July 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $1,287.00 price objective on shares of Alphabet in a research report on Tuesday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,375.78.

Shares of NASDAQ GOOGL opened at $1,243.00 on Thursday. Alphabet Inc has a 12-month low of $977.66 and a 12-month high of $1,296.97. The stock has a market cap of $861.90 billion, a PE ratio of 26.16, a P/E/G ratio of 1.43 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $1,212.98 and a 200 day moving average of $1,175.12.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. On average, sell-side analysts forecast that Alphabet Inc will post 51.29 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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