Alphabet Inc. (GOOGL) Shares Bought by Catawba Capital Management VA

Catawba Capital Management VA lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,099 shares of the information services provider’s stock after acquiring an additional 313 shares during the period. Alphabet accounts for 1.5% of Catawba Capital Management VA’s holdings, making the stock its 15th largest position. Catawba Capital Management VA’s holdings in Alphabet were worth $6,600,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pioneer Trust Bank N A OR boosted its stake in Alphabet by 1.7% during the second quarter. Pioneer Trust Bank N A OR now owns 2,829 shares of the information services provider’s stock worth $2,630,000 after buying an additional 46 shares during the last quarter. Stillwater Investment Management LLC boosted its stake in Alphabet by 1.2% during the second quarter. Stillwater Investment Management LLC now owns 2,384 shares of the information services provider’s stock worth $2,216,000 after buying an additional 28 shares during the last quarter. McQueen Ball & Associates Inc. boosted its stake in Alphabet by 2.0% during the second quarter. McQueen Ball & Associates Inc. now owns 500 shares of the information services provider’s stock worth $465,000 after buying an additional 10 shares during the last quarter. Toth Financial Advisory Corp boosted its stake in Alphabet by 24.4% during the second quarter. Toth Financial Advisory Corp now owns 505 shares of the information services provider’s stock worth $469,000 after buying an additional 99 shares during the last quarter. Finally, Bath Savings Trust Co boosted its stake in Alphabet by 29.2% during the second quarter. Bath Savings Trust Co now owns 6,894 shares of the information services provider’s stock worth $6,409,000 after buying an additional 1,557 shares during the last quarter. 33.88% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have weighed in on GOOGL. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 price objective on the stock in a research note on Monday, June 5th. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Citigroup Inc. boosted their price objective on Alphabet from $1,135.00 to $1,180.00 and gave the stock a “buy” rating in a research note on Tuesday, July 25th. They noted that the move was a valuation call. UBS AG reissued a “buy” rating and set a $1,080.00 price objective (up previously from $1,050.00) on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Barclays PLC reissued an “overweight” rating and set a $1,060.00 price objective (down previously from $1,065.00) on shares of Alphabet in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,053.45.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.51% during mid-day trading on Friday, hitting $935.29. The company had a trading volume of 1,994,265 shares. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The stock has a market cap of $648.04 billion, a price-to-earnings ratio of 33.90 and a beta of 0.98. The stock’s 50-day moving average is $940.56 and its 200-day moving average is $926.45.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.25 by ($3.24). The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the prior year, the firm earned $8.42 earnings per share. Equities analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current year.

Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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