Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Purchases 584 Shares of Alphabet Inc (NASDAQ:GOOGL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Alphabet Inc (NASDAQ:GOOGL) by 0.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 134,181 shares of the information services provider’s stock after purchasing an additional 584 shares during the period. Alphabet comprises 2.4% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 14th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Alphabet were worth $163,854,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in GOOGL. Neville Rodie & Shaw Inc. grew its position in Alphabet by 2.7% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 16,674 shares of the information services provider’s stock worth $18,054,000 after acquiring an additional 433 shares during the last quarter. Bath Savings Trust Co lifted its holdings in Alphabet by 3.0% during the 2nd quarter. Bath Savings Trust Co now owns 10,102 shares of the information services provider’s stock worth $10,939,000 after buying an additional 290 shares in the last quarter. Thomasville National Bank lifted its holdings in Alphabet by 5.0% during the 2nd quarter. Thomasville National Bank now owns 212 shares of the information services provider’s stock worth $230,000 after buying an additional 10 shares in the last quarter. Park National Corp OH lifted its holdings in Alphabet by 69.6% during the 2nd quarter. Park National Corp OH now owns 13,999 shares of the information services provider’s stock worth $15,158,000 after buying an additional 5,746 shares in the last quarter. Finally, Vickerman & Driscoll Financial Advisors Inc. acquired a new position in Alphabet during the 2nd quarter worth $1,765,000. 33.59% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have issued reports on GOOGL shares. Guggenheim reduced their price objective on Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Citigroup reaffirmed a “buy” rating and set a $1,450.00 price objective (up previously from $1,325.00) on shares of Alphabet in a report on Friday, July 26th. FBN Securities set a $1,400.00 price objective on Alphabet and gave the stock a “buy” rating in a report on Friday, July 26th. MKM Partners reaffirmed a “buy” rating and set a $1,450.00 price objective on shares of Alphabet in a report on Friday, August 2nd. Finally, Pivotal Research reaffirmed a “hold” rating and set a $1,445.00 price objective on shares of Alphabet in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,411.81.

Alphabet stock traded down $3.03 during mid-day trading on Tuesday, hitting $1,295.25. 72,617 shares of the company’s stock were exchanged, compared to its average volume of 1,509,556. The firm has a market capitalization of $902.80 billion, a P/E ratio of 27.28, a PEG ratio of 1.60 and a beta of 1.01. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,322.65. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. The company’s 50 day simple moving average is $1,244.50 and its 200-day simple moving average is $1,181.93.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $12.42 by ($2.30). The business had revenue of $33.01 billion for the quarter, compared to analyst estimates of $32.84 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. During the same period in the previous year, the business posted $13.06 EPS. Research analysts expect that Alphabet Inc will post 49.05 EPS for the current year.

Alphabet 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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