Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Sterling Investment Advisors Ltd.

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Sterling Investment Advisors Ltd. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,352 shares of the information services provider’s stock after selling 20 shares during the quarter. Alphabet comprises about 1.9% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 13th largest holding. Sterling Investment Advisors Ltd.’s holdings in Alphabet were worth $4,913,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in Alphabet by 2.2% during the second quarter. BlackRock Inc. now owns 20,565,856 shares of the information services provider’s stock worth $29,163,413,000 after purchasing an additional 445,690 shares during the last quarter. State Street Corp lifted its stake in Alphabet by 0.4% during the first quarter. State Street Corp now owns 11,689,009 shares of the information services provider’s stock worth $13,582,044,000 after purchasing an additional 45,599 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Alphabet by 14.3% during the second quarter. Bank of New York Mellon Corp now owns 3,509,469 shares of the information services provider’s stock worth $4,976,599,000 after purchasing an additional 439,638 shares during the last quarter. Morgan Stanley lifted its stake in Alphabet by 4.6% during the first quarter. Morgan Stanley now owns 2,573,124 shares of the information services provider’s stock worth $2,989,841,000 after purchasing an additional 114,032 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Alphabet by 2.5% during the second quarter. Fisher Asset Management LLC now owns 1,532,140 shares of the information services provider’s stock worth $2,172,652,000 after purchasing an additional 37,689 shares during the last quarter. Institutional investors own 33.78% of the company’s stock.

Shares of GOOGL stock opened at $1,556.88 on Friday. The stock’s 50 day simple moving average is $1,510.59 and its 200 day simple moving average is $1,461.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41. Alphabet Inc. has a twelve month low of $1,008.87 and a twelve month high of $1,726.10. The company has a market capitalization of $1,058.93 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.09 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, October 29th. The information services provider reported $16.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.35 by $5.05. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. On average, analysts forecast that Alphabet Inc. will post 44.93 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Credit Suisse Group raised their price objective on Alphabet from $1,600.00 to $1,850.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Tigress Financial reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, August 25th. JMP Securities increased their target price on Alphabet from $1,500.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Royal Bank of Canada increased their target price on Alphabet from $1,500.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Guggenheim increased their target price on Alphabet from $1,580.00 to $1,725.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a hold rating and forty-two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,685.59.

About Alphabet

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.

See Also: Golden Cross

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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