Alphabet Inc. (NASDAQ:GOOG) Holdings Lessened by Winfield Associates Inc.


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Winfield Associates Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,510 shares of the information services provider’s stock after selling 99 shares during the period. Alphabet makes up 3.8% of Winfield Associates Inc.’s holdings, making the stock its 5th biggest holding. Winfield Associates Inc.’s holdings in Alphabet were worth $9,330,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GOOG. Trust Asset Management LLC grew its holdings in shares of Alphabet by 79.4% in the third quarter. Trust Asset Management LLC now owns 3,024 shares of the information services provider’s stock valued at $4,444,000 after purchasing an additional 1,338 shares in the last quarter. Ameraudi Asset Management Inc. acquired a new position in Alphabet during the 3rd quarter worth approximately $207,000. Cubist Systematic Strategies LLC grew its holdings in Alphabet by 308.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,485 shares of the information services provider’s stock worth $3,652,000 after acquiring an additional 1,877 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in Alphabet by 143.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,102 shares of the information services provider’s stock worth $20,724,000 after acquiring an additional 8,321 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Alphabet during the 3rd quarter worth approximately $560,000. Hedge funds and other institutional investors own 31.94% of the company’s stock.

Several research firms have commented on GOOG. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. Wedbush boosted their price target on shares of Alphabet from $2,150.00 to $2,470.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Morgan Stanley boosted their price target on shares of Alphabet from $2,050.00 to $2,200.00 and gave the stock an “overweight” rating in a report on Wednesday, February 3rd. Evercore ISI started coverage on shares of Alphabet in a report on Tuesday, April 6th. They set an “outperform” rating and a $2,525.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $2,493.00 target price for the company in a report on Wednesday, April 7th. One research analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $2,244.11.

GOOG stock traded up $3.27 on Tuesday, hitting $2,258.06. The company’s stock had a trading volume of 21,895 shares, compared to its average volume of 1,585,015. The firm has a 50 day moving average of $2,094.46 and a two-hundred day moving average of $1,840.86. Alphabet Inc. has a 1 year low of $1,187.60 and a 1 year high of $2,289.04. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 43.57, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, beating the consensus estimate of $15.91 by $6.39. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The firm had revenue of $56.90 billion during the quarter, compared to the consensus estimate of $52.86 billion. During the same quarter in the prior year, the firm earned $15.35 EPS. Alphabet’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

In other Alphabet news, CEO Sundar Pichai sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $2,068.50, for a total transaction of $6,205,500.00. Following the completion of the transaction, the chief executive officer now owns 6,757 shares in the company, valued at approximately $13,976,854.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Philipp Schindler sold 1,385 shares of the company’s stock in a transaction on Monday, February 1st. The stock was sold at an average price of $1,852.09, for a total transaction of $2,565,144.65. Following the transaction, the senior vice president now owns 18,712 shares of the company’s stock, valued at approximately $34,656,308.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,104 shares of company stock valued at $35,725,438. 12.99% of the stock is owned by insiders.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

See Also: Accumulation/Distribution

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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