YHB Investment Advisors Inc. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 17.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,034 shares of the company’s stock after buying an additional 1,633 shares during the period. Alphabet comprises about 1.7% of YHB Investment Advisors Inc.’s holdings, making the stock its 17th largest position. YHB Investment Advisors Inc.’s holdings in Alphabet were worth $7,763,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Investment Centers of America Inc. boosted its position in shares of Alphabet by 71.6% in the first quarter. Investment Centers of America Inc. now owns 1,598 shares of the company’s stock valued at $1,227,000 after buying an additional 667 shares during the last quarter. Meristem LLP boosted its position in shares of Alphabet by 54.1% in the first quarter. Meristem LLP now owns 948 shares of the company’s stock valued at $723,000 after buying an additional 333 shares during the last quarter. Wade G W & Inc. purchased a new position in shares of Alphabet during the first quarter valued at $939,000. St. Johns Investment Management Company LLC boosted its position in shares of Alphabet by 1.8% in the first quarter. St. Johns Investment Management Company LLC now owns 2,687 shares of the company’s stock valued at $2,050,000 after buying an additional 48 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its position in shares of Alphabet by 106.7% in the first quarter. North Star Investment Management Corp. now owns 1,755 shares of the company’s stock valued at $1,339,000 after buying an additional 906 shares during the last quarter. 34.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.06% during midday trading on Friday, hitting $804.60. The company had a trading volume of 1,111,934 shares. The firm has a market cap of $552.98 billion, a price-to-earnings ratio of 31.18 and a beta of 1.00. The company’s 50 day moving average is $801.64 and its 200 day moving average is $761.61. Alphabet Inc. has a one year low of $670.70 and a one year high of $819.86.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating analysts’ consensus estimates of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Equities analysts forecast that Alphabet Inc. will post $34.11 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on GOOGL. Deutsche Bank AG reissued a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Wednesday. Wedbush lowered shares of Alphabet from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $7.20 to $800.00 in a report on Tuesday, September 27th. Morgan Stanley restated a “buy” rating and issued a $880.00 price objective on shares of Alphabet in a report on Thursday, September 29th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $907.00 price objective on the stock in a report on Wednesday. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Sunday, August 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-seven have given a buy rating and one has given a strong buy rating to the company. Alphabet has a consensus rating of “Buy” and a consensus target price of $926.50.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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