Cambridge Investment Research Advisors Inc. owns $78.44 million in shares of Alphabet Inc. (NASDAQ:GOOG).

Financial Advisors


Cambridge Investment Research Advisors reduced its holding in Alphabet (NASDAQ: GOOG – Get Rating) by 4.2% in the fourth quarter, according to its latest 13F filing with the SEC. The institutional investor sold his 38,733 shares during the quarter, after which he owned 883,992 shares of the information service provider. Cambridge Investment Research Advisors’ holdings in Alphabet were valued at $78,437,000 as of the latest filing with the SEC.

Other hedge funds have also changed positions within the company. OLD Second National Bank of Aurora boosted his Alphabet stock position by 1,900.0% in the third quarter. OLD Second National Bank of Aurora owns 260 shares of the information services provider worth $25,000 after acquiring an additional 247 shares during this period. Westchester Capital Management Inc. increased its position in Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider worth $25,000 after purchasing an additional 247 shares last quarter. Saban Cheryl increased its stake in Alphabet shares by 1,900.0% during the third quarter. After acquiring an additional 190 shares during this period, Saban Cheryl now owns 200 shares of the information services provider worth $29,000. Gould Capital LLC increased its stake in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider worth $30,000 after purchasing an additional 301 shares during this period. Finally, NewSquare Capital LLC boosted its Alphabet stock position by 1,900.0% in the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider worth $31,000 after acquiring an additional 304 shares during the previous quarter. Institutional investors and hedge funds own 28.69% of the company’s shares.

Analyst upgrades and downgrades

Recently, several equity research analysts have taken notice of GOOG stock. Robert W. Baird raised Alphabet’s price target from his $120.00 to his $123.00 in his research notes on Wednesday, April 26th. Bank of America, in a report on Tuesday, January 31, raised Alphabet’s price target from $116.00 to $119.00, giving the company a “buy” rating. Raymond James raised Alphabet’s target price from his $119.00 to his $130.00 in a research report on Wednesday, April 26th. Sanford C. Bernstein set Alphabet’s target price at his $130.00 in a research note on Monday, February 6. Finally, UBS Group raised its price target on Alphabet from $120.00 to $123.00, giving the company a ‘buy’ rating in its report on Thursday, April 6th. One analyst rated the stock with a hold rating and 16 gave the company a buy rating. According to MarketBeat, the company’s current consensus rating is “moderate buy” with a consensus target price of $132.80.

Alphabet deal up 0.5%

NASDAQ:GOOG climbed $0.56 during Friday’s trading hours to reach $105.77. His 10,052,568 shares of stock were traded, but the average turnover was 29,717,398 shares. The company has a 50-day moving average of $101.82 and a 200-day moving average of $97.37. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt to equity ratio of 0.05. The company has a market capitalization of $1.35 trillion, a P/E ratio of 23.52, a price/earnings ratio of 1.36, and a beta of 1.10. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $123.26.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its earnings on Tuesday, April 25th. The information services provider earned $1.17 in earnings per share (EPS) for the quarter, $0.11 above analyst consensus expectations of $1.06. Alphabet’s return on equity was 22.84% and net profit margin was 20.58%. The company posted revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.8 billion. In the same quarter last year, the company earned his EPS of $1.23. The company’s revenue increased by 2.6% year-on-year. On average, sell-side analysts expect Alphabet to earn 5.39 earnings per share this fiscal year.

Insider trading at Alphabet

In related news, major shareholder 2021 Gp LLC Gv purchased 415,000 shares of the company in a transaction on Monday 13 March. Shares were purchased at an average price of $29.29 per share for a total of $12,155,350.00. After the completion of the purchase, Insiders now own 1,709,527 shares of stock in the company, valued at approximately $50,072,045.83. The acquisition is disclosed in legal documents to the SEC, available on his website. In other Alphabet news, his major shareholder, 2021 Gp LLC Gv, purchased 415,000 shares of the company’s stock in a transaction on Monday, March 13th. Shares were purchased at an average price of $29.29 per share for a total of $12,155,350.00. Following the closing of the transaction, the insider now owns directly his 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition is disclosed in documents filed with the Securities and Exchange Commission and available on the SEC’s website. Ann Mazer also sold 380 shares of the company in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05 and the total transaction value he was $34,219.00. Following the closing of the sale, the directors now directly own 11,300 shares of the Company’s stock valued at $1,017,565. Please see here for the disclosure of this sale. In the last 90 days, insiders have sold 100,539 shares of company stock worth $10,214,031. 12.99% of the shares are currently owned by insiders.

Alphabet company profile

(get rating)

Alphabet, Inc provides online advertising, cloud-based solutions that provide infrastructure and platform services to business customers, the provision of communication and collaboration tools, and the sale of other products and services such as apps and in-app purchases. Engaged in business. Hardware, and subscription-based products.

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Alphabet (NASDAQ:GOOG) Quarterly Institutional Owners

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