Arcadia Investment Management Corp MI lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,110 shares of the company’s stock after selling 35 shares during the period. Arcadia Investment Management Corp MI’s holdings in Alphabet were worth $3,305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock valued at $102,000 after buying an additional 72 shares in the last quarter. Archford Capital Strategies LLC increased its stake in shares of Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock valued at $104,000 after buying an additional 34 shares in the last quarter. Roble Belko & Company Inc increased its stake in shares of Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock valued at $108,000 after buying an additional 115 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock valued at $112,000 after buying an additional 3 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of Alphabet during the second quarter valued at $117,000. Institutional investors own 34.63% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded up 0.71% during trading on Monday, reaching $785.79. The company had a trading volume of 2,575,432 shares. Alphabet Inc. has a 52-week low of $672.66 and a 52-week high of $839.00. The firm has a market capitalization of $541.60 billion, a P/E ratio of 28.76 and a beta of 0.92. The company has a 50 day moving average of $800.19 and a 200-day moving average of $772.72.

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Several research firms recently commented on GOOGL. Canaccord Genuity reiterated a “buy” rating and issued a $900.00 price target on shares of Alphabet in a research report on Monday, October 24th. Nomura reiterated a “buy” rating and issued a $925.00 price target on shares of Alphabet in a research report on Wednesday, October 26th. RBC Capital Markets reiterated an “outperform” rating and issued a $1,025.00 price target on shares of Alphabet in a research report on Wednesday, October 26th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $930.00 price target on shares of Alphabet in a research report on Thursday, October 20th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $970.00 price objective on shares of Alphabet in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, forty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average target price of $940.44.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

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