Wed Sep 25 08:42:52 UTC 2024: ## America First Investment Advisors Cuts Stake in Alphabet, Other Funds Adjust Holdings

**New York, NY** – America First Investment Advisors LLC has reduced its stake in Alphabet Inc. (GOOGL) by 24.8% during the second quarter, according to a recent SEC filing. The firm now owns 139,599 shares of the information services provider, valued at $25,428,000. Alphabet represents 6.3% of America First’s investment portfolio, making it their fourth-largest holding.

This move comes as other institutional investors have also adjusted their positions in GOOGL. Capital Research Global Investors increased their holdings by 14.4% in the first quarter, while Vanguard Group Inc. raised its stake by 1.3% in the fourth quarter. Public Employees Retirement Association of Colorado made a significant increase, lifting its stake by 39,754.9% in the fourth quarter. PineStone Asset Management Inc. and National Bank of Canada FI also boosted their positions by 143.7% and 91.0%, respectively, in the second quarter.

Currently, 40.03% of Alphabet’s stock is owned by institutional investors.

Shares of GOOGL opened at $162.29 on Wednesday. The company has a market capitalization of $2.01 trillion and a P/E ratio of 24.89. Alphabet recently announced a quarterly dividend of $0.20 per share, representing an annualized dividend of $0.80 and a dividend yield of 0.49%.

Analyst sentiment on GOOGL remains positive. Eight analysts have rated the stock with a hold rating, while 28 have assigned a buy rating and two have issued a strong buy rating. The consensus rating is “Moderate Buy” with an average price target of $201.08.

Recent insider trading activity includes the sale of shares by SVP Prabhakar Raghavan and CAO Amie Thuener O’toole.

Alphabet provides various products and platforms across the globe, operating through three segments: Google Services, Google Cloud, and Other Bets.

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