Alphabet Inc. (GOOGL) Shares Bought by Huntington National Bank

Huntington National Bank increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,990 shares of the information services provider’s stock after buying an additional 1,392 shares during the period. Alphabet comprises about 1.0% of Huntington National Bank’s investment portfolio, making the stock its 21st largest position. Huntington National Bank’s holdings in Alphabet were worth $61,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Nicolet Bankshares Inc. increased its stake in shares of Alphabet by 13.8% in the fourth quarter. Nicolet Bankshares Inc. now owns 669 shares of the information services provider’s stock worth $705,000 after buying an additional 81 shares during the last quarter. Quadrant Private Wealth Management LLC bought a new stake in shares of Alphabet in the fourth quarter worth $267,000. Raymond James Trust N.A. increased its stake in shares of Alphabet by 1.0% in the fourth quarter. Raymond James Trust N.A. now owns 5,624 shares of the information services provider’s stock worth $5,924,000 after buying an additional 53 shares during the last quarter. Delaney Dennis R increased its stake in shares of Alphabet by 82.7% in the fourth quarter. Delaney Dennis R now owns 1,467 shares of the information services provider’s stock worth $1,544,000 after buying an additional 664 shares during the last quarter. Finally, Bray Capital Advisors increased its stake in shares of Alphabet by 1.9% in the fourth quarter. Bray Capital Advisors now owns 3,768 shares of the information services provider’s stock worth $3,969,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 target price for the company in a research note on Tuesday, December 26th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,120.76 target price for the company in a research note on Tuesday, December 26th. Robert W. Baird reiterated a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a research note on Tuesday, January 2nd. Cowen boosted their target price on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Finally, SunTrust Banks reiterated a “buy” rating and set a $1,250.00 target price on shares of Alphabet in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,183.20.

GOOGL stock opened at $1,073.81 on Tuesday. The stock has a market capitalization of $748,503.63, a P/E ratio of 33.50, a P/E/G ratio of 1.15 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $866.11 and a fifty-two week high of $1,198.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, April 23rd. The information services provider reported $13.33 earnings per share for the quarter, topping the consensus estimate of $9.30 by $4.03. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. During the same period in the prior year, the company earned $7.73 earnings per share. analysts anticipate that Alphabet Inc. will post 41.16 EPS for the current fiscal year.

Alphabet announced that its board has authorized a stock repurchase program on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in shares. This repurchase authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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