Alphabet Inc (GOOGL) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 30.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,384 shares of the information services provider’s stock after acquiring an additional 561 shares during the period. Cetera Investment Advisers’ holdings in Alphabet were worth $2,222,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pure Financial Advisors Inc. raised its stake in Alphabet by 0.4% in the second quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock worth $258,000 after buying an additional 1 shares in the last quarter. Baystate Wealth Management LLC raised its stake in Alphabet by 0.7% in the second quarter. Baystate Wealth Management LLC now owns 295 shares of the information services provider’s stock worth $288,000 after buying an additional 2 shares in the last quarter. First Bank & Trust raised its stake in Alphabet by 0.3% in the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after buying an additional 2 shares in the last quarter. Fort Pitt Capital Group LLC raised its stake in Alphabet by 0.3% in the second quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after buying an additional 2 shares in the last quarter. Finally, RB Capital Management LLC raised its stake in Alphabet by 0.4% in the second quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock worth $654,000 after buying an additional 3 shares in the last quarter. 33.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at $1,051.39 on Thursday. Alphabet Inc has a 1-year low of $789.62 and a 1-year high of $1,080.00. 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 company has a market cap of $728,686.50, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.89.

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

GOOGL has been the topic of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,075.00 price target on shares of Alphabet in a research report on Monday, September 25th. UBS reaffirmed a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research report on Friday, September 8th. Jefferies Group reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Alphabet in a research report on Tuesday, October 10th. They noted that the move was a valuation call. Mizuho reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, October 17th. Finally, Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target on the stock. in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average price target of $1,089.17.

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About Alphabet

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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