Cohen Lawrence B lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,688 shares of the information services provider’s stock after purchasing an additional 28 shares during the quarter. Alphabet makes up about 2.1% of Cohen Lawrence B’s holdings, making the stock its 17th biggest position. Cohen Lawrence B’s holdings in Alphabet were worth $3,594,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in GOOG. BlackRock Inc. increased its stake in shares of Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock worth $21,839,988,000 after purchasing an additional 612,804 shares during the last quarter. Generation Investment Management LLP increased its stake in shares of Alphabet by 24.5% during the 3rd quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock worth $1,393,237,000 after purchasing an additional 224,907 shares during the last quarter. Johanson Financial Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter worth $105,000. California Public Employees Retirement System increased its stake in shares of Alphabet by 33.4% during the 3rd quarter. California Public Employees Retirement System now owns 452,151 shares of the information services provider’s stock worth $551,172,000 after purchasing an additional 113,206 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Alphabet during the 2nd quarter worth $114,576,000. Institutional investors own 33.80% of the company’s stock.
NASDAQ GOOG opened at $1,433.90 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The firm has a market capitalization of $1,011.57 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 1.60 and a beta of 1.01. The company’s fifty day moving average is $1,393.77 and its two-hundred day moving average is $1,269.67. Alphabet Inc has a 52-week low of $1,025.00 and a 52-week high of $1,503.21.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.57 by ($2.45). The company had revenue of $40.50 billion during the quarter, compared to analyst estimates of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $13.06 earnings per share. As a group, sell-side analysts expect that Alphabet Inc will post 49.03 earnings per share for the current fiscal year.
Several research analysts have recently commented on GOOG shares. Deutsche Bank dropped their price target on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Monday, November 4th. William Blair reiterated an “outperform” rating on shares of Alphabet in a research note on Tuesday, October 29th. Finally, Credit Suisse Group raised their target price on shares of Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,527.47.
In other Alphabet news, Director Ann Mather sold 25 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1,265.00, for a total value of $31,625.00. Following the sale, the director now directly owns 1,823 shares in the company, valued at approximately $2,306,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David C. Drummond sold 28,430 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $1,266.89, for a total transaction of $36,017,682.70. Following the completion of the sale, the senior vice president now owns 45,806 shares in the company, valued at $58,031,163.34. The disclosure for this sale can be found here. Insiders sold a total of 3,687,187 shares of company stock worth $337,436,197 over the last 90 days. Company insiders own 12.99% of the company’s stock.
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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