Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Thomasville National Bank

Thomasville National Bank increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202 shares of the information services provider’s stock after purchasing an additional 15 shares during the quarter. Thomasville National Bank’s holdings in Alphabet were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FMR LLC increased its stake in Alphabet by 0.9% during the 4th quarter. FMR LLC now owns 12,724,980 shares of the information services provider’s stock worth $22,302,309,000 after buying an additional 112,807 shares in the last quarter. Itau Unibanco Holding S.A. increased its stake in Alphabet by 44,364.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 7,551,846 shares of the information services provider’s stock worth $25,169,000 after buying an additional 7,534,862 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Alphabet by 6.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,183,875 shares of the information services provider’s stock worth $12,590,747,000 after buying an additional 447,141 shares in the last quarter. Norges Bank purchased a new stake in shares of Alphabet in the fourth quarter valued at approximately $9,523,211,000. Finally, Morgan Stanley grew its position in shares of Alphabet by 27.1% in the fourth quarter. Morgan Stanley now owns 3,271,179 shares of the information services provider’s stock valued at $5,733,202,000 after purchasing an additional 697,236 shares in the last quarter. 33.79% of the stock is owned by institutional investors.

NASDAQ GOOGL opened at $2,254.96 on Thursday. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 52-week low of $1,182.33 and a 52-week high of $2,244.50. The business’s 50-day moving average price is $2,066.46 and its 200 day moving average price is $1,812.59. The firm has a market cap of $1.52 trillion, a P/E ratio of 43.27, a P/E/G ratio of 1.65 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $15.90 by $6.40. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The firm had revenue of $46.43 billion for the quarter, compared to analyst estimates of $44.09 billion. During the same quarter last year, the company posted $15.35 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 52.19 earnings per share for the current year.

GOOGL has been the subject of a number of analyst reports. William Blair restated an “outperform” rating on shares of Alphabet in a research report on Tuesday, February 2nd. Moffett Nathanson upped their price target on Alphabet from $1,900.00 to $2,100.00 in a research report on Friday, January 15th. Credit Suisse Group upped their price target on Alphabet from $2,000.00 to $2,360.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Stifel Nicolaus upgraded Alphabet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $2,025.00 to $2,350.00 in a research report on Monday, March 29th. Finally, Barclays increased their price objective on Alphabet from $1,900.00 to $2,500.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 3rd. One analyst has rated the stock with a hold rating and forty-two have given a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $2,108.21.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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