Alphabet Inc. (GOOGL) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 73,330 shares of the information services provider’s stock after selling 2,691 shares during the quarter. Alphabet comprises 1.1% of Cambiar Investors LLC’s holdings, making the stock its 24th biggest position. Cambiar Investors LLC’s holdings in Alphabet were worth $68,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pure Financial Advisors Inc. lifted its stake in Alphabet by 0.4% in the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after acquiring an additional 1 shares in the last quarter. Delta Asset Management LLC TN lifted its stake in Alphabet by 1.5% in the 1st quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 2 shares in the last quarter. Baystate Wealth Management LLC lifted its stake in Alphabet by 0.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock valued at $288,000 after acquiring an additional 2 shares in the last quarter. RB Capital Management LLC lifted its stake in Alphabet by 0.4% in the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after acquiring an additional 3 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Alphabet by 0.7% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock valued at $392,000 after acquiring an additional 3 shares in the last quarter. Institutional investors and hedge funds own 33.83% of the company’s stock.

Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Sunday, July 30th. MKM Partners restated a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Cowen and Company restated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and set a $1,200.00 price objective on shares of Alphabet in a research note on Tuesday, July 4th. Finally, Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,053.55 price objective on the stock in a research note on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $1,064.53.

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Shares of Alphabet Inc. (NASDAQ:GOOGL) opened at 991.42 on Friday. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,016.31. The company’s 50-day moving average price is $969.84 and its 200 day moving average price is $952.09. The firm has a market cap of $686.93 billion, a PE ratio of 35.93 and a beta of 0.96.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating analysts’ consensus estimates of $8.34 by $1.23. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter last year, the business posted $9.06 earnings per share. On average, analysts predict that Alphabet Inc. will post $30.63 EPS for the current year.

About Alphabet

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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