Huntington National Bank Purchases 1,081 Shares of Alphabet Inc (NASDAQ:GOOGL)

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Huntington National Bank lifted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,328 shares of the information services provider’s stock after acquiring an additional 1,081 shares during the period. Alphabet makes up about 1.5% of Huntington National Bank’s portfolio, making the stock its 11th largest holding. Huntington National Bank’s holdings in Alphabet were worth $95,472,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Spence Asset Management increased its position in Alphabet by 45.5% during the 1st quarter. Spence Asset Management now owns 32 shares of the information services provider’s stock worth $37,000 after purchasing an additional 10 shares in the last quarter. OmniStar Financial Group Inc. acquired a new position in Alphabet during the 1st quarter worth approximately $44,000. Cedar Mountain Advisors LLC increased its position in Alphabet by 26.9% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 7 shares during the period. Center for Financial Planning Inc. increased its position in Alphabet by 35.5% in the 1st quarter. Center for Financial Planning Inc. now owns 42 shares of the information services provider’s stock valued at $49,000 after acquiring an additional 11 shares during the period. Finally, Danda Trouve Investment Management Inc. increased its position in Alphabet by 42.9% in the 1st quarter. Danda Trouve Investment Management Inc. now owns 50 shares of the information services provider’s stock valued at $58,000 after acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 34.14% of the company’s stock.

Alphabet stock opened at $1,487.95 on Friday. Alphabet Inc has a 1-year low of $1,008.87 and a 1-year high of $1,587.05. The firm has a market capitalization of $1,015.70 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 2.27 and a beta of 1.06. The firm’s fifty day moving average price is $1,473.93 and its two-hundred day moving average price is $1,375.65. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, beating analysts’ consensus estimates of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.77%. The company had revenue of $31.60 billion for the quarter, compared to analyst estimates of $30.58 billion. On average, research analysts forecast that Alphabet Inc will post 42.07 EPS for the current year.

GOOGL has been the subject of several recent research reports. Credit Suisse Group upped their price target on shares of Alphabet from $1,600.00 to $1,850.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Loop Capital upped their price target on shares of Alphabet from $1,320.00 to $1,400.00 in a research report on Thursday, April 9th. Citigroup upped their price target on shares of Alphabet from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Barclays upped their price target on shares of Alphabet from $1,600.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Monness Crespi & Hardt increased their price objective on shares of Alphabet from $1,420.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and forty have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,657.51.

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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