Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,095 shares of the information services provider’s stock after buying an additional 48 shares during the period. Sequoia Financial Advisors LLC’s holdings in Alphabet were worth $3,071,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Scharf Investments LLC lifted its position in shares of Alphabet by 2.7% during the 2nd quarter. Scharf Investments LLC now owns 268 shares of the information services provider’s stock valued at $380,000 after acquiring an additional 7 shares during the period. Cedar Mountain Advisors LLC raised its holdings in Alphabet by 26.9% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 7 shares during the last quarter. CVA Family Office LLC raised its holdings in Alphabet by 11.7% in the 2nd quarter. CVA Family Office LLC now owns 67 shares of the information services provider’s stock valued at $95,000 after acquiring an additional 7 shares during the last quarter. AFT Forsyth AND Company Inc. raised its holdings in Alphabet by 0.8% in the 2nd quarter. AFT Forsyth AND Company Inc. now owns 911 shares of the information services provider’s stock valued at $1,292,000 after acquiring an additional 7 shares during the last quarter. Finally, Guardian Capital Advisors LP raised its holdings in Alphabet by 0.5% in the 2nd quarter. Guardian Capital Advisors LP now owns 1,381 shares of the information services provider’s stock valued at $1,533,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 33.78% of the company’s stock.

NASDAQ:GOOGL traded down $58.83 during trading hours on Monday, reaching $1,574.15. 71,977 shares of the company’s stock were exchanged, compared to its average volume of 2,079,089. The company has a market capitalization of $1,110.69 billion, a P/E ratio of 34.56, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Alphabet Inc. has a 12 month low of $1,008.87 and a 12 month high of $1,726.10. The company has a quick ratio of 3.40, a current ratio of 3.41 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $1,508.29 and its two-hundred day simple moving average is $1,448.76.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.43 by $1.70. The firm had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. As a group, sell-side analysts anticipate that Alphabet Inc. will post 44.93 earnings per share for the current fiscal year.

GOOGL has been the subject of several analyst reports. Bank of America boosted their price target on Alphabet from $1,610.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday, July 31st. Monness Crespi & Hardt boosted their price target on Alphabet from $1,420.00 to $1,700.00 and gave the company a “buy” rating in a report on Friday, July 31st. Pivotal Research boosted their price target on Alphabet from $1,575.00 to $1,725.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays boosted their price objective on shares of Alphabet from $1,600.00 to $1,800.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Guggenheim boosted their price objective on shares of Alphabet from $1,580.00 to $1,725.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Three analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,686.58.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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