Capital City Trust Co. FL Sells 17 Shares of Alphabet Inc. (GOOGL)

Capital City Trust Co. FL reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,222 shares of the information services provider’s stock after selling 17 shares during the quarter. Alphabet makes up 1.2% of Capital City Trust Co. FL’s investment portfolio, making the stock its 21st largest position. Capital City Trust Co. FL’s holdings in Alphabet were worth $2,995,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GOOGL. Palisade Capital Management LLC NJ grew its holdings in shares of Alphabet by 2.8% during the first quarter. Palisade Capital Management LLC NJ now owns 729 shares of the information services provider’s stock worth $618,000 after buying an additional 20 shares in the last quarter. Evanson Asset Management LLC grew its holdings in shares of Alphabet by 1.0% during the first quarter. Evanson Asset Management LLC now owns 6,662 shares of the information services provider’s stock worth $5,648,000 after buying an additional 69 shares in the last quarter. SFE Investment Counsel grew its holdings in shares of Alphabet by 4.6% during the first quarter. SFE Investment Counsel now owns 1,071 shares of the information services provider’s stock worth $908,000 after buying an additional 47 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Alphabet by 17.2% during the first quarter. DnB Asset Management AS now owns 403,110 shares of the information services provider’s stock worth $341,757,000 after buying an additional 59,100 shares in the last quarter. Finally, Bank of The West grew its holdings in shares of Alphabet by 2.8% during the first quarter. Bank of The West now owns 16,287 shares of the information services provider’s stock worth $13,808,000 after buying an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 33.85% of the company’s stock.

GOOGL has been the subject of a number of recent research reports. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 price target for the company in a report on Tuesday, June 27th. Societe Generale set a $1,210.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. SunTrust Banks, Inc. reiterated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. Wells Fargo & Company reiterated an “outperform” rating and set a $1,150.00 price target on shares of Alphabet in a report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,058.31.

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Alphabet Inc. (NASDAQ:GOOGL) opened at 1005.65 on Thursday. The stock’s 50 day moving average is $953.18 and its 200 day moving average is $940.96. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The company has a market cap of $696.79 billion, a price-to-earnings ratio of 36.45 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.25 by ($3.24). Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same quarter in the prior year, the company earned $8.42 earnings per share. On average, analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

Alphabet Company 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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