Alphabet Inc. (GOOGL) Shares Sold by Reilly Financial Advisors LLC

Reilly Financial Advisors LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,267 shares of the information services provider’s stock after selling 480 shares during the period. Reilly Financial Advisors LLC’s holdings in Alphabet were worth $4,897,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after buying an additional 142,214 shares during the period. Norges Bank bought a new stake in Alphabet during the fourth quarter valued at $2,411,505,000. Bank of Montreal Can increased its stake in Alphabet by 0.8% in the second quarter. Bank of Montreal Can now owns 1,094,698 shares of the information services provider’s stock valued at $1,017,719,000 after buying an additional 8,375 shares during the period. Fisher Asset Management LLC increased its stake in Alphabet by 2.6% in the first quarter. Fisher Asset Management LLC now owns 1,071,363 shares of the information services provider’s stock valued at $908,302,000 after buying an additional 27,598 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Alphabet by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 994,541 shares of the information services provider’s stock valued at $843,172,000 after buying an additional 45,805 shares during the period. 34.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.101% during midday trading on Tuesday, hitting $939.881. 423,515 shares of the stock were exchanged. The firm has a 50-day moving average of $954.87 and a 200-day moving average of $910.39. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. The company has a market capitalization of $651.22 billion, a P/E ratio of 34.062 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.83 billion. During the same quarter in the prior year, the firm posted $8.42 EPS. On average, equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.

GOOGL has been the subject of several recent research reports. Instinet reissued a “buy” rating and set a $925.00 target price on shares of Alphabet in a research report on Tuesday, April 25th. Jefferies Group LLC reissued a “buy” rating and set a $1,200.00 target price (up from $1,000.00) on shares of Alphabet in a research report on Friday, April 28th. Zacks Investment Research downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Alphabet from $1,100.00 to $970.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Alphabet in a research report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $1,049.20.

Alphabet Company Profile

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.