Trust Co. of Toledo NA OH grew its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,930 shares of the information services provider’s stock after purchasing an additional 73 shares during the period. Trust Co. of Toledo NA OH’s holdings in Alphabet were worth $3,062,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestor Capital LLC bought a new stake in shares of Alphabet in the third quarter worth $62,000. Lavaca Capital LLC bought a new stake in shares of Alphabet in the fourth quarter worth $97,000. Sound Income Strategies LLC increased its stake in shares of Alphabet by 71.4% in the fourth quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock worth $100,000 after buying an additional 40 shares during the last quarter. Matthew Goff Investment Advisor LLC bought a new stake in shares of Alphabet in the third quarter worth $107,000. Finally, CX Institutional increased its stake in shares of Alphabet by 93.1% in the fourth quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after buying an additional 54 shares during the last quarter. Institutional investors own 33.99% of the company’s stock.
A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 20th. Needham & Company LLC assumed coverage on shares of Alphabet in a research note on Monday, March 4th. They issued a “buy” rating and a $1,153.42 price target for the company. Wells Fargo & Co set a $1,300.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Tuesday, February 5th. William Blair restated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Wedbush restated an “outperform” rating and issued a $1,350.00 price target on shares of Alphabet in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,329.91.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping analysts’ consensus estimates of $11.08 by $1.69. The firm had revenue of $31.84 billion during the quarter, compared to the consensus estimate of $31.28 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. During the same quarter in the previous year, the company posted $9.70 earnings per share. On average, analysts anticipate that Alphabet Inc will post 47.31 earnings per share for the current fiscal year.
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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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