Alphabet Inc (NASDAQ:GOOGL) Shares Bought by City Holding Co.

City Holding Co. lifted its position in Alphabet Inc (NASDAQ:GOOGL) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,054 shares of the information services provider’s stock after acquiring an additional 94 shares during the quarter. Alphabet makes up approximately 1.4% of City Holding Co.’s portfolio, making the stock its 14th largest position. City Holding Co.’s holdings in Alphabet were worth $4,236,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Insight Partners LLC lifted its holdings in Alphabet by 0.4% during the fourth quarter. Capital Insight Partners LLC now owns 2,554 shares of the information services provider’s stock valued at $2,669,000 after purchasing an additional 10 shares during the last quarter. Clarkston Capital Partners LLC lifted its holdings in Alphabet by 4.0% during the fourth quarter. Clarkston Capital Partners LLC now owns 260 shares of the information services provider’s stock valued at $272,000 after purchasing an additional 10 shares during the last quarter. Community Bank & Trust Waco Texas lifted its holdings in Alphabet by 0.8% during the fourth quarter. Community Bank & Trust Waco Texas now owns 1,286 shares of the information services provider’s stock valued at $1,344,000 after purchasing an additional 10 shares during the last quarter. Anderson Hoagland & Co. lifted its holdings in Alphabet by 0.7% during the fourth quarter. Anderson Hoagland & Co. now owns 1,529 shares of the information services provider’s stock valued at $1,565,000 after purchasing an additional 11 shares during the last quarter. Finally, HT Partners LLC lifted its holdings in Alphabet by 4.0% during the fourth quarter. HT Partners LLC now owns 365 shares of the information services provider’s stock valued at $381,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 34.02% of the company’s stock.

A number of brokerages have recently issued reports on GOOGL. Nomura reissued an “outperform” rating on shares of Alphabet in a report on Wednesday, February 6th. JMP Securities reissued an “outperform” rating and issued a $1,375.00 price target (up from $1,300.00) on shares of Alphabet in a report on Tuesday. Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a report on Tuesday. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price target on the stock in a report on Monday, January 28th. Finally, Wells Fargo & Co set a $1,300.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Tuesday, February 5th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,325.55.

Shares of Alphabet stock traded up $23.04 on Friday, hitting $1,189.55. The stock had a trading volume of 2,074,577 shares, compared to its average volume of 1,659,725. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.96. The stock has a market capitalization of $826.96 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.41 and a beta of 1.04. Alphabet Inc has a one year low of $977.66 and a one year high of $1,296.97.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.56 by $1.34. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The firm had revenue of $29.48 billion during the quarter, compared to analyst estimates of $29.99 billion. During the same quarter in the previous year, the firm earned $13.33 EPS. As a group, equities research analysts forecast that Alphabet Inc will post 47.59 earnings per share for the current fiscal year.

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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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