Alphabet Inc (GOOGL) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC cut its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,143 shares of the company’s stock after selling 130 shares during the period. Tiemann Investment Advisors LLC’s holdings in Alphabet were worth $906,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. CIBC World Markets Inc. increased its stake in Alphabet by 33.9% in the third quarter. CIBC World Markets Inc. now owns 43,753 shares of the company’s stock worth $35,180,000 after buying an additional 11,065 shares during the period. Nwam LLC increased its stake in Alphabet by 6.5% in the third quarter. Nwam LLC now owns 1,710 shares of the company’s stock worth $1,375,000 after buying an additional 104 shares during the period. Nationwide Fund Advisors increased its stake in Alphabet by 1.4% in the third quarter. Nationwide Fund Advisors now owns 293,906 shares of the company’s stock worth $236,318,000 after buying an additional 3,966 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Alphabet by 3.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 45,445 shares of the company’s stock worth $36,541,000 after buying an additional 1,562 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Alphabet by 3.0% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 38,200 shares of the company’s stock worth $30,715,000 after buying an additional 1,100 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 867.91 on Tuesday. Alphabet Inc has a 52 week low of $672.66 and a 52 week high of $874.42. The company has a 50-day moving average of $844.45 and a 200-day moving average of $814.97. The firm has a market capitalization of $600.09 billion, a PE ratio of 31.13 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.64 by $0.28. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same period in the prior year, the firm earned $8.67 earnings per share. On average, equities analysts forecast that Alphabet Inc will post $33.41 earnings per share for the current fiscal year.

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GOOGL has been the topic of a number of research analyst reports. Argus reissued a “buy” rating and issued a $950.00 price target on shares of Alphabet in a research note on Tuesday, January 31st. Jefferies Group LLC reissued a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a research note on Friday, December 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $1,040.00 price objective on shares of Alphabet in a report on Monday, January 30th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $1,000.00 price objective on shares of Alphabet in a report on Sunday. Finally, Goldman Sachs Group Inc restated a “buy” rating and issued a $970.00 price objective on shares of Alphabet in a report on Thursday, December 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $963.60.

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.

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