Alphabet Inc. (GOOGL) Position Increased by Kidder Stephen W

Kidder Stephen W lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,220 shares of the information services provider’s stock after buying an additional 4 shares during the period. Alphabet comprises 2.7% of Kidder Stephen W’s holdings, making the stock its 14th largest position. Kidder Stephen W’s holdings in Alphabet were worth $6,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Delta Asset Management LLC TN increased its position in shares of 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 buying an additional 2 shares in the last quarter. Cordasco Financial Network increased its position in shares of Alphabet by 2.2% in the 1st quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares in the last quarter. Busey Trust CO increased its position in shares of 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 buying an additional 5 shares in the last quarter. K.J. Harrison & Partners Inc increased its position in shares of 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 buying an additional 6 shares in the last quarter. Finally, Union Bankshares Corp increased its position in shares of 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 buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 33.88% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOGL) traded down 0.89% during mid-day trading on Friday, hitting $941.41. 999,916 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $945.22 and its 200-day moving average price is $923.12. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The stock has a market cap of $652.28 billion, a PE ratio of 34.12 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS 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 the consensus estimate of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same period in the previous year, the company earned $8.42 EPS. Equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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A number of analysts recently commented on GOOGL shares. Societe Generale set a $1,210.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Morgan Stanley restated an “overweight” rating and issued a $1,050.00 price objective on shares of Alphabet in a research report on Saturday, July 22nd. Pivotal Research restated a “hold” rating and issued a $940.00 price objective (down previously from $980.00) on shares of Alphabet in a research report on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $1,258.00 price objective (up previously from $1,250.00) on shares of Alphabet in a research report on Saturday, July 22nd. Finally, Instinet restated a “buy” rating on shares of Alphabet in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,053.45.

Alphabet Company 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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