Mizuho Trust & Banking Co. Ltd. boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 487,021 shares of the company’s stock after buying an additional 4,926 shares during the period. Alphabet accounts for about 1.0% of Mizuho Trust & Banking Co. Ltd.’s holdings, making the stock its 16th largest position. Mizuho Trust & Banking Co. Ltd.’s holdings in Alphabet were worth $342,634,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Dividend Assets Capital LLC bought a new stake in shares of Alphabet during the second quarter valued at about $120,000. Peoples Financial Services CORP. raised its position in Alphabet by 2.3% in the second quarter. Peoples Financial Services CORP. now owns 221 shares of the company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. Cacti Asset Management LLC acquired a new position in Alphabet during the second quarter valued at approximately $162,000. Oakworth Capital Inc. raised its position in Alphabet by 4.9% in the second quarter. Oakworth Capital Inc. now owns 277 shares of the company’s stock valued at $207,000 after buying an additional 13 shares during the last quarter. Finally, Founders Capital Management LLC acquired a new position in Alphabet during the second quarter valued at approximately $196,000. Institutional investors own 34.15% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOGL) traded up 0.27% during mid-day trading on Friday, hitting $819.56. 4,354,884 shares of the company were exchanged. The company’s 50-day moving average is $809.00 and its 200 day moving average is $765.79. The company has a market capitalization of $564.79 billion, a P/E ratio of 29.92 and a beta of 1.00. Alphabet Inc. has a 12-month low of $672.66 and a 12-month high of $839.00.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping the consensus estimate of $8.04 by $0.38. Alphabet had a net margin of 22.29% and a return on equity of 15.39%. Analysts expect that Alphabet Inc. will post $34.10 EPS for the current year.
A number of analysts have recently weighed in on the company. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research report on Sunday, July 10th. Pivotal Research restated a “buy” rating and issued a $1,000.00 target price (up from $970.00) on shares of Alphabet in a research report on Monday, July 11th. Jefferies Group restated a “buy” rating on shares of Alphabet in a research report on Monday, July 11th. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $803.74 target price on the stock. in a research report on Monday, July 11th. Finally, SunTrust Banks Inc. reiterated a “buy” rating and set a $850.00 price target on shares of Alphabet in a research report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $936.91.
Alphabet Company Profile
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.