Spearhead Capital Advisors LLC increased its position in Alphabet Inc (NASDAQ:GOOG) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,510 shares of the information services provider’s stock after purchasing an additional 220 shares during the period. Alphabet accounts for about 2.2% of Spearhead Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Spearhead Capital Advisors LLC’s holdings in Alphabet were worth $8,704,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock valued at $21,839,988,000 after buying an additional 612,804 shares during the last quarter. Generation Investment Management LLP raised its holdings in shares of Alphabet by 24.5% during the third quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock valued at $1,393,237,000 after buying an additional 224,907 shares during the last quarter. Johanson Financial Advisors Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $105,000. Sanders Capital LLC raised its holdings in shares of Alphabet by 10.5% during the fourth quarter. Sanders Capital LLC now owns 1,384,395 shares of the information services provider’s stock valued at $2,039,993,000 after buying an additional 131,482 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Alphabet by 33.4% during the third quarter. California Public Employees Retirement System now owns 452,151 shares of the information services provider’s stock valued at $551,172,000 after buying an additional 113,206 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.
In other news, SVP David C. Drummond sold 56,860 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $1,289.62, for a total transaction of $73,327,793.20. Following the transaction, the senior vice president now directly owns 45,806 shares in the company, valued at $59,072,333.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Capitalg Lp sold 830,211 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $65.53, for a total transaction of $54,403,726.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,013,643 shares of company stock worth $389,654,791. 12.99% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on GOOG shares. Raymond James reaffirmed an “outperform” rating and set a $1,580.00 price target (up previously from $1,475.00) on shares of Alphabet in a report on Tuesday, February 4th. They noted that the move was a valuation call. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, February 4th. Cfra lifted their price target on Alphabet from $1,737.00 to $1,761.00 and gave the company a “strong-buy” rating in a report on Thursday, February 6th. Guggenheim lifted their price target on Alphabet from $1,425.00 to $1,525.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein started coverage on Alphabet in a report on Thursday, January 9th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $1,591.10.
NASDAQ:GOOG traded up $6.08 during midday trading on Friday, hitting $1,520.74. 1,197,334 shares of the stock were exchanged, compared to its average volume of 1,664,224. Alphabet Inc has a one year low of $1,025.00 and a one year high of $1,529.63. The company has a market capitalization of $1,040.52 billion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.69 and a beta of 1.02. The business has a 50-day moving average price of $1,431.92 and a two-hundred day moving average price of $1,295.96. The company has a current ratio of 3.37, a quick ratio of 3.35 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, February 3rd. The information services provider reported $15.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $12.76 by $2.59. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The firm had revenue of $46.08 billion for the quarter, compared to analysts’ expectations of $46.87 billion. During the same quarter in the previous year, the company earned $10.95 earnings per share. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. Sell-side analysts forecast that Alphabet Inc will post 54.5 EPS for the current fiscal year.
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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