Alphabet Inc (GOOGL) Stake Lifted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Alphabet Inc (NASDAQ:GOOGL) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,942 shares of the information services provider’s stock after purchasing an additional 2,604 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Alphabet were worth $21,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of GOOGL. CFO4Life Group LLC grew its holdings in shares of Alphabet by 2.0% in the second quarter. CFO4Life Group LLC now owns 667 shares of the information services provider’s stock worth $620,000 after acquiring an additional 13 shares during the period. Sage Capital Advisors llc bought a new stake in shares of Alphabet in the second quarter worth $3,397,000. Hudock Capital Group LLC grew its holdings in shares of Alphabet by 11.7% in the second quarter. Hudock Capital Group LLC now owns 162 shares of the information services provider’s stock worth $150,000 after acquiring an additional 17 shares during the period. Brookstone Capital Management grew its holdings in shares of Alphabet by 4.6% in the second quarter. Brookstone Capital Management now owns 500 shares of the information services provider’s stock worth $465,000 after acquiring an additional 22 shares during the period. Finally, Buckingham Asset Management LLC grew its holdings in shares of Alphabet by 24.7% in the second quarter. Buckingham Asset Management LLC now owns 1,769 shares of the information services provider’s stock worth $1,645,000 after acquiring an additional 350 shares during the period. Hedge funds and other institutional investors own 33.62% of the company’s stock.

Alphabet Inc (NASDAQ:GOOGL) opened at $1,011.87 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The firm has a market capitalization of $697,910.00, a PE ratio of 34.32, a PEG ratio of 1.72 and a beta of 0.90. Alphabet Inc has a one year low of $766.97 and a one year high of $1,080.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same period in the previous year, the business earned $9.06 earnings per share. research analysts forecast that Alphabet Inc will post 32.34 EPS for the current year.

Several analysts recently commented on GOOGL shares. CIBC reaffirmed an “outperform” rating and issued a $1,180.00 price objective (up previously from $1,050.00) on shares of Alphabet in a report on Friday, October 27th. Pivotal Research reissued a “hold” rating and set a $970.00 price target on shares of Alphabet in a report on Friday, October 13th. UBS reissued a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a report on Friday, September 8th. Citigroup reissued a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. Finally, Robert W. Baird reissued an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,089.17.

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Alphabet Profile

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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