Alphabet Inc. (NASDAQ:GOOGL) is Stock Yards Bank & Trust Co.’s 4th Largest Position

Stock Yards Bank & Trust Co. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 17,490 shares of the information services provider’s stock after acquiring an additional 97 shares during the quarter. Alphabet makes up 3.0% of Stock Yards Bank & Trust Co.’s investment portfolio, making the stock its 4th biggest position. Stock Yards Bank & Trust Co.’s holdings in Alphabet were worth $46,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Planning LLC bought a new position in shares of Alphabet in the second quarter worth approximately $27,000. True Link Financial Advisors LLC bought a new stake in Alphabet in the 2nd quarter worth $29,000. Financial Insights Inc. purchased a new position in shares of Alphabet in the second quarter valued at about $39,000. Harvest Group Wealth Management LLC bought a new position in shares of Alphabet during the second quarter valued at about $66,000. Finally, Cowen Prime Advisors LLC purchased a new stake in shares of Alphabet during the second quarter worth about $98,000. Hedge funds and other institutional investors own 34.30% of the company’s stock.

Shares of Alphabet stock traded up $6.76 during trading on Thursday, hitting $2,922.40. 900,854 shares of the company’s stock were exchanged, compared to its average volume of 1,534,131. The stock has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 28.14, a PEG ratio of 1.07 and a beta of 1.04. The business has a 50-day simple moving average of $2,850.18 and a 200-day simple moving average of $2,668.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 2.98. Alphabet Inc. has a 52-week low of $1,694.00 and a 52-week high of $3,019.33.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Monday, October 25th. The information services provider reported $27.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $23.13 by $4.86. Alphabet had a net margin of 29.52% and a return on equity of 30.22%. During the same period in the previous year, the company posted $16.40 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 107.86 earnings per share for the current fiscal year.

A number of research analysts have commented on GOOGL shares. Evercore ISI upped their price target on Alphabet from $3,160.00 to $3,500.00 and gave the company an “outperform” rating in a research report on Wednesday, October 27th. Argus raised their price target on Alphabet from $2,800.00 to $3,100.00 and gave the stock a “buy” rating in a research note on Thursday, July 29th. Credit Suisse Group lifted their price target on shares of Alphabet from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. Truist upped their price objective on shares of Alphabet from $3,100.00 to $3,400.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $2,875.00 to $3,250.00 and gave the company an “overweight” rating in a research note on Wednesday, July 28th. Four research analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $3,156.15.

About Alphabet

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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