1ST Source Bank boosted its stake in Alphabet Inc (NASDAQ:GOOGL) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,158 shares of the company’s stock after buying an additional 710 shares during the period. 1ST Source Bank’s holdings in Alphabet were worth $5,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Toth Financial increased its position in shares of Alphabet by 210.8% in the fourth quarter. Toth Financial now owns 979 shares of the company’s stock worth $753,000 after buying an additional 664 shares during the last quarter. Park National increased its position in shares of Alphabet by 32.8% in the fourth quarter. Park National now owns 635 shares of the company’s stock worth $494,000 after buying an additional 157 shares during the last quarter. Renaissance Investment Group increased its position in shares of Alphabet by 3.4% in the fourth quarter. Renaissance Investment Group now owns 4,429 shares of the company’s stock worth $3,446,000 after buying an additional 146 shares during the last quarter. Stillwater Investment Management increased its position in shares of Alphabet by 6.0% in the fourth quarter. Stillwater Investment Management now owns 1,490 shares of the company’s stock worth $1,159,000 after buying an additional 84 shares during the last quarter. Finally, Detwiler Fenton Investment Management bought a new position in shares of Alphabet during the fourth quarter worth about $457,000.

Alphabet Inc (NASDAQ:GOOGL) opened at 761.35 on Monday. Alphabet Inc has a 52 week low of $521.72 and a 52 week high of $798.69. The stock’s 50 day moving average price is $750.90 and its 200 day moving average price is $706.29. The stock has a market cap of $523.60 billion and a price-to-earnings ratio of 32.09.

A number of analysts have recently weighed in on the stock. Credit Suisse reaffirmed an “outperform” rating and issued a $815.00 target price (up from $750.00) on shares of Alphabet in a research report on Friday, October 9th. RBC Capital reaffirmed an “outperform” rating and issued a $880.00 target price on shares of Alphabet in a research report on Tuesday, December 1st. Axiom Securities reaffirmed a “buy” rating on shares of Alphabet in a research report on Sunday, January 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, December 9th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $840.00 price target on shares of Alphabet in a research note on Sunday, October 4th. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $834.75.

Alphabet Inc (NASDAQ:GOOGL) is a collection of Companies. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. These will be managed separately in Alphabet. On October 2, 2015, Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement), dated as of October 2, 2015, among Google, Alphabet and Maple Technologies Inc., a Delaware corporation (Merger Sub), which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.

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