Latest Stocks: Alphabet Inc (GOOGL) Stake Raised by Tompkins Financial Corp

Latest Stocks: Alphabet Inc (GOOGL) Stake Raised by Tompkins Financial Corp

Tompkins Financial Corp boosted its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 11.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,203 shares of the information services provider’s stock after buying an additional 219 shares during the period. Tompkins Financial Corp’s holdings in Alphabet were worth $1,681,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. Jackson Grant Investment Advisers Inc. boosted its position in shares of Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock worth $135,000 after buying an additional 1 shares in the last quarter. Fort Pitt Capital Group LLC boosted its position in shares of Alphabet by 0.3% in the fourth quarter. Fort Pitt Capital Group LLC now owns 760 shares of the information services provider’s stock worth $602,000 after buying an additional 2 shares in the last quarter. InterOcean Capital LLC boosted its position in shares of Alphabet by 0.3% in the fourth quarter. InterOcean Capital LLC now owns 971 shares of the information services provider’s stock worth $769,000 after buying an additional 3 shares in the last quarter. Mission Wealth Management LLC boosted its position in shares of Alphabet by 0.3% in the fourth quarter. Mission Wealth Management LLC now owns 1,307 shares of the information services provider’s stock worth $1,036,000 after buying an additional 4 shares in the last quarter. Finally, Cordasco Financial Network boosted its position in shares of Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock worth $199,000 after buying an additional 5 shares in the last quarter. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 1003.88 on Tuesday. Alphabet Inc has a 1-year low of $672.66 and a 1-year high of $1,007.40. The stock’s 50 day moving average is $940.06 and its 200 day moving average is $857.19. The company has a market cap of $694.43 billion, a P/E ratio of 33.92 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping the consensus estimate of $7.24 by $0.49. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The firm had revenue of $20.12 billion for the quarter, compared to analyst estimates of $19.65 billion. During the same period in the prior year, the business posted $7.50 EPS. On average, analysts predict that Alphabet Inc will post $33.95 earnings per share for the current year.

A number of equities analysts recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $1,032.00 target price on shares of Alphabet in a report on Wednesday, May 3rd. Instinet reaffirmed a “buy” rating on shares of Alphabet in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Thursday, June 1st. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,052.36 target price on the stock in a report on Monday. Finally, William Blair reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-one have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1,006.83.

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