Cambiar Investors Trims Alphabet Stake by 33% in Third Quarter

Cambiar Investors LLC significantly reduced its position in Alphabet Inc. (GOOGL) during the third quarter, according to recent filings. The investment firm trimmed its holdings by 33.3%, selling more than 112,000 shares of the technology giant. Despite this substantial reduction, Alphabet remains a core component of Cambiar's portfolio, representing approximately 2.5% of its total assets. This move comes as several institutional investors adjust their exposure to big tech amid shifting market dynamics. Market analysts continue to view Alphabet favorably, maintaining a "Moderate Buy" consensus rating for the stock. The average price target for Alphabet shares is currently set at $361.64, suggesting continued confidence in the company's long-term growth prospects.