Cambridge Investment Research Advisors Inc. cut its holdings in Alphabet Inc (NASDAQ:GOOGL) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 31,804 shares of the information services provider’s stock after selling 610 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Alphabet were worth $33,234,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd boosted its position in Alphabet by 2,089.3% during the third quarter. MARSHALL WACE ASIA Ltd now owns 97,141 shares of the information services provider’s stock worth $117,257,000 after acquiring an additional 92,704 shares during the last quarter. Exane Derivatives boosted its position in Alphabet by 49.3% during the fourth quarter. Exane Derivatives now owns 790 shares of the information services provider’s stock worth $825,000 after acquiring an additional 261 shares during the last quarter. CX Institutional boosted its position in Alphabet by 93.1% during the fourth quarter. CX Institutional now owns 112 shares of the information services provider’s stock worth $117,000 after acquiring an additional 54 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in Alphabet by 66.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock worth $92,779,000 after acquiring an additional 30,611 shares during the last quarter. Finally, Dfpg Investments Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $428,000. Institutional investors and hedge funds own 33.48% of the company’s stock.

Shares of GOOGL stock opened at $1,038.74 on Tuesday. Alphabet Inc has a 52 week low of $977.66 and a 52 week high of $1,296.97. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $721.14 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Zacks’ consensus estimate of $10.56 by $1.34. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $29.48 billion for the quarter, compared to the consensus estimate of $29.99 billion. During the same quarter last year, the firm posted $13.33 EPS. On average, equities analysts expect that Alphabet Inc will post 48.44 earnings per share for the current year.

GOOGL has been the topic of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Alphabet to $1,300.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 5th. Barclays restated an “overweight” rating on shares of Alphabet in a research report on Tuesday, February 5th. Nomura decreased their target price on shares of Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating on the stock in a research report on Tuesday, February 5th. BMO Capital Markets cut their price target on shares of Alphabet to $1,100.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 5th. They noted that the move was a valuation call. Finally, Citigroup cut their price target on shares of Alphabet from $1,350.00 to $1,325.00 and set a “buy” rating on the stock in a research note on Tuesday, February 5th. Eight analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,327.30.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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