Trust Co. of Toledo NA OH Has $6.10 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)


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Trust Co. of Toledo NA OH lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the 1st quarter, HoldingsChannel reports. The firm owned 2,956 shares of the information services provider’s stock after selling 38 shares during the period. Alphabet makes up approximately 1.1% of Trust Co. of Toledo NA OH’s holdings, making the stock its 24th largest holding. Trust Co. of Toledo NA OH’s holdings in Alphabet were worth $6,097,000 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 GOOGL. Brasada Capital Management LP lifted its holdings in shares of Alphabet by 0.6% in the third quarter. Brasada Capital Management LP now owns 8,174 shares of the information services provider’s stock valued at $11,979,000 after purchasing an additional 52 shares in the last quarter. Walkner Condon Financial Advisors LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $749,000. United Bank lifted its holdings in shares of Alphabet by 14.8% in the third quarter. United Bank now owns 1,991 shares of the information services provider’s stock valued at $2,918,000 after purchasing an additional 257 shares in the last quarter. Bronte Capital Management Pty Ltd. lifted its holdings in shares of Alphabet by 9.3% in the third quarter. Bronte Capital Management Pty Ltd. now owns 47,198 shares of the information services provider’s stock valued at $76,277,000 after purchasing an additional 4,006 shares in the last quarter. Finally, Weld Capital Management LLC lifted its holdings in shares of Alphabet by 97.5% in the third quarter. Weld Capital Management LLC now owns 320 shares of the information services provider’s stock valued at $469,000 after purchasing an additional 158 shares in the last quarter. 33.79% of the stock is owned by institutional investors and hedge funds.

Shares of GOOGL stock traded up $9.04 during midday trading on Thursday, reaching $2,248.07. 39,260 shares of the stock were exchanged, compared to its average volume of 1,826,505. Alphabet Inc. has a 1 year low of $1,182.33 and a 1 year high of $2,244.50. The company’s 50 day moving average is $2,066.46 and its two-hundred day moving average is $1,812.59. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.52 trillion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $44.09 billion. During the same quarter in the prior year, the business earned $15.35 EPS. As a group, equities analysts expect that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

GOOGL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 3rd. Cowen reaffirmed an “outperform” rating on shares of Alphabet in a research note on Wednesday, February 3rd. Morgan Stanley lifted their price target on Alphabet from $2,200.00 to $2,350.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 31st. Wedbush lifted their price target on Alphabet from $2,150.00 to $2,470.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Pivotal Research reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 3rd. One analyst has rated the stock with a hold rating and forty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $2,108.21.

About Alphabet

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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