Alphabet Inc (NASDAQ:GOOGL) Shares Sold by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC decreased its holdings in Alphabet Inc (NASDAQ:GOOGL) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,340 shares of the information services provider’s stock after selling 155 shares during the period. Alphabet makes up approximately 1.4% of Stonebridge Capital Advisors LLC’s investment portfolio, making the stock its 17th largest position. Stonebridge Capital Advisors LLC’s holdings in Alphabet were worth $7,948,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GOOGL. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Alphabet by 1.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,623 shares of the information services provider’s stock valued at $9,011,000 after buying an additional 90 shares during the period. Alerus Financial NA grew its stake in shares of Alphabet by 2.0% in the 4th quarter. Alerus Financial NA now owns 14,195 shares of the information services provider’s stock valued at $14,833,000 after buying an additional 274 shares during the period. Country Trust Bank grew its stake in shares of Alphabet by 19.1% in the 4th quarter. Country Trust Bank now owns 43,975 shares of the information services provider’s stock valued at $45,952,000 after buying an additional 7,047 shares during the period. Ashburton Jersey Ltd grew its stake in shares of Alphabet by 32.6% in the 4th quarter. Ashburton Jersey Ltd now owns 745 shares of the information services provider’s stock valued at $841,000 after buying an additional 183 shares during the period. Finally, Advanced Asset Management Advisors Inc purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $3,611,000. Institutional investors own 33.50% of the company’s stock.

GOOGL stock traded up $9.04 during midday trading on Monday, hitting $1,238.88. The company’s stock had a trading volume of 52,757 shares, compared to its average volume of 1,126,587. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52-week low of $977.66 and a 52-week high of $1,296.97. The firm has a market capitalization of $858.95 billion, a P/E ratio of 26.06, a PEG ratio of 1.38 and a beta of 0.99. The firm has a 50-day simple moving average of $1,194.05 and a 200-day simple moving average of $1,170.68.



Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $31.71 billion during the quarter, compared to analysts’ expectations of $30.90 billion. On average, sell-side analysts expect that Alphabet Inc will post 51.29 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Oppenheimer set a $1,370.00 price target on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Raymond James set a $1,360.00 price target on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, July 26th. Mizuho increased their price target on shares of Alphabet from $1,350.00 to $1,400.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada increased their price target on shares of Alphabet to $1,425.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, KeyCorp reissued an “overweight” rating and issued a $1,516.00 price target (up previously from $1,430.00) on shares of Alphabet in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,373.76.

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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