Sustainable Growth Advisers LP lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 290,361 shares of the information services provider’s stock after purchasing an additional 9,327 shares during the quarter. Alphabet accounts for about 3.9% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 10th largest holding. Sustainable Growth Advisers LP’s holdings in Alphabet were worth $300,700,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Ayalon Holdings Ltd. purchased a new stake in shares of Alphabet during the 4th quarter worth about $32,000. 1 North Wealth Services LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $34,000. First PREMIER Bank raised its stake in shares of Alphabet by 80.0% during the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after purchasing an additional 16 shares in the last quarter. CX Institutional raised its stake in shares of Alphabet by 471.4% during the 4th quarter. CX Institutional now owns 40 shares of the information services provider’s stock worth $41,000 after purchasing an additional 33 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after purchasing an additional 56,169,241 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.
A number of equities research analysts have recently weighed in on GOOG shares. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, April 29th. Deutsche Bank cut their price target on Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating for the company in a research note on Wednesday, January 23rd. BidaskClub raised Alphabet from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Barclays cut their price target on Alphabet to $1,350.00 and set an “overweight” rating for the company in a research note on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus target price of $1,361.50.
Shares of GOOG stock opened at $1,162.30 on Friday. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The company has a market capitalization of $806.92 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.37 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $36.34 billion for the quarter, compared to the consensus estimate of $37.36 billion. During the same period last year, the business earned $9.93 EPS. The firm’s revenue was up 16.7% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc will post 48.44 EPS for the current year.
In related news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $1,124.90, for a total value of $42,746.20. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $2,021,445.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total value of $450,000.00. Following the completion of the sale, the director now directly owns 80 shares in the company, valued at approximately $96,000. The disclosure for this sale can be found here. Insiders sold a total of 817 shares of company stock worth $974,730 over the last three months. 13.11% of the stock is owned by company insiders.
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Alphabet Company Profile
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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