Alphabet Inc (NASDAQ:GOOG) Shares Sold by Cardinal Capital Management

Samuel Edwards

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Cardinal Capital Administration lessened its place in Alphabet Inc (NASDAQ:GOOG) by 1.5% through the third quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 802 shares of the data companies supplier’s inventory after promoting 12 shares through the interval. Cardinal Capital Administration’s holdings in Alphabet have been value $1,179,000 on the finish of the latest reporting interval.

Different hedge funds have additionally just lately added to or diminished their stakes within the firm. Chelsea Counsel Co. grew its place in Alphabet by 6.4% within the 1st quarter. Chelsea Counsel Co. now owns 4,759 shares of the data companies supplier’s inventory valued at $5,534,000 after shopping for a further 285 shares within the final quarter. Verition Fund Administration LLC purchased a brand new place in Alphabet within the 2nd quarter valued at about $11,845,000. Adams Asset Advisors LLC purchased a brand new place in Alphabet within the 2nd quarter valued at about $1,484,000. Telemus Capital LLC grew its place in Alphabet by 2.6% within the 2nd quarter. Telemus Capital LLC now owns 7,909 shares of the data companies supplier’s inventory valued at $12,193,000 after shopping for a further 198 shares within the final quarter. Lastly, Mercer World Advisors Inc. ADV grew its place in Alphabet by 11.9% within the 1st quarter. Mercer World Advisors Inc. ADV now owns 7,487 shares of the data companies supplier’s inventory valued at $8,706,000 after shopping for a further 798 shares within the final quarter. 32.42% of the inventory is presently owned by institutional buyers and hedge funds.

Quite a lot of brokerages just lately issued experiences on GOOG. Credit score Suisse Group reiterated a “purchase” ranking on shares of Alphabet in a analysis report on Friday, July thirty first. Oppenheimer raised their worth goal on shares of Alphabet from $1,445.00 to $1,685.00 and gave the corporate an “outperform” ranking in a analysis report on Friday, July thirty first. JPMorgan Chase & Co. raised their worth goal on shares of Alphabet from $1,505.00 to $1,700.00 and gave the corporate an “obese” ranking in a analysis report on Wednesday, July fifteenth. Royal Financial institution of Canada restated a “purchase” ranking on shares of Alphabet in a analysis report on Friday, July thirty first. Lastly, Goldman Sachs Group restated a “purchase” ranking on shares of Alphabet in a analysis report on Friday, July thirty first. 4 analysts have rated the inventory with a maintain ranking, twenty-four have given a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. The corporate has a median ranking of “Purchase” and a consensus worth goal of $1,703.33.

NASDAQ GOOG opened at $1,534.61 on Tuesday. The corporate has a 50 day easy transferring common of $1,521.53 and a 200-day easy transferring common of $1,443.24. The corporate has a debt-to-equity ratio of 0.02, a present ratio of three.41 and a fast ratio of three.40. The agency has a market capitalization of $1,043.79 billion, a price-to-earnings ratio of 33.75, a price-to-earnings-growth ratio of two.16 and a beta of 1.10. Alphabet Inc has a 52-week low of $1,013.54 and a 52-week excessive of $1,733.18.

Alphabet (NASDAQ:GOOG) final posted its quarterly earnings outcomes on Thursday, July thirtieth. The knowledge companies supplier reported $10.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.43 by $1.70. The enterprise had income of $31.60 billion through the quarter, in comparison with analyst estimates of $30.58 billion. Alphabet had a internet margin of 18.99% and a return on fairness of 15.62%. On common, analysts predict that Alphabet Inc will publish 44.84 EPS for the present yr.

In associated information, Director John L. Hennessy offered 60 shares of the agency’s inventory in a transaction that occurred on Monday, October fifth. The shares have been offered at a median worth of $1,473.43, for a complete transaction of $88,405.80. Following the transaction, the director now owns 548 shares of the corporate’s inventory, valued at $807,439.64. The sale was disclosed in a authorized submitting with the SEC, which is offered via this hyperlink. Additionally, Director Ann Mather offered 22 shares of the agency’s inventory in a transaction that occurred on Thursday, October 1st. The shares have been offered at a median worth of $1,484.27, for a complete transaction of $32,653.94. Following the transaction, the director now straight owns 1,134 shares within the firm, valued at roughly $1,683,162.18. The disclosure for this sale may be discovered right here. Within the final ninety days, insiders have offered 142 shares of firm inventory value $213,357. Insiders personal 12.99% of the corporate’s inventory.

Alphabet Firm Profile

Alphabet Inc offers internet marketing companies in the USA, Europe, the Center East, Africa, the Asia-Pacific, Canada, and Latin America. It affords efficiency and model promoting companies. The corporate operates via Google and Different Bets segments. The Google section affords merchandise, similar to Advertisements, Android, Chrome, Google Cloud, Google Maps, Google Play, {Hardware}, Search, and YouTube, in addition to technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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