Todays Report: Today, VNBTrust National Association lowers its Position in Alphabet Inc. (GOOGL)

Today, VNBTrust National Association lowers its Position in Alphabet Inc. (GOOGL)

VNBTrust National Association decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 532 shares of the company’s stock after selling 2 shares during the period. VNBTrust National Association’s holdings in Alphabet were worth $428,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock valued at $102,000 after buying an additional 72 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock valued at $104,000 after buying an additional 34 shares in the last quarter. Roble Belko & Company Inc raised its stake in Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock valued at $108,000 after buying an additional 115 shares in the last quarter. MCF Advisors LLC raised its stake in Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock valued at $112,000 after buying an additional 3 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Alphabet during the second quarter valued at $117,000. Hedge funds and other institutional investors own 34.14% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOGL) traded up 0.16% during trading on Friday, reaching $780.23. 613,549 shares of the company traded hands. Alphabet Inc. has a 12-month low of $672.66 and a 12-month high of $839.00. The firm’s 50 day moving average price is $800.21 and its 200 day moving average price is $771.86. The firm has a market capitalization of $537.76 billion, a price-to-earnings ratio of 28.56 and a beta of 0.92.

A number of research firms recently commented on GOOGL. B. Riley restated a “buy” rating and set a $950.00 price target on shares of Alphabet in a research report on Friday, July 29th. Jefferies Group restated a “buy” rating and set a $1,000.00 price target (up from $925.00) on shares of Alphabet in a research report on Sunday, July 31st. Mizuho restated a “buy” rating and set a $1,020.00 price target (up from $1,010.00) on shares of Alphabet in a research report on Sunday, July 31st. Deutsche Bank AG decreased their price target on Alphabet from $1,100.00 to $1,050.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, increased their price target on Alphabet from $970.00 to $990.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $940.44.

About Alphabet

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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