Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 166,165 shares of the information services provider’s stock after purchasing an additional 12,993 shares during the quarter. Alphabet comprises 1.8% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its 5th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Alphabet were worth $464,097,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Valley Brook Capital Group Inc. boosted its stake in shares of Alphabet by 2.5% in the 4th quarter. Valley Brook Capital Group Inc. now owns 166 shares of the information services provider’s stock valued at $480,000 after purchasing an additional 4 shares in the last quarter. Roffman Miller Associates Inc. PA boosted its stake in shares of Alphabet by 0.4% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 901 shares of the information services provider’s stock valued at $2,607,000 after purchasing an additional 4 shares in the last quarter. Coyle Financial Counsel LLC boosted its stake in shares of Alphabet by 1.3% in the 4th quarter. Coyle Financial Counsel LLC now owns 310 shares of the information services provider’s stock valued at $897,000 after purchasing an additional 4 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Alphabet by 1.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 365 shares of the information services provider’s stock valued at $1,056,000 after purchasing an additional 4 shares in the last quarter. Finally, Essex Private Wealth Management LLC boosted its stake in shares of Alphabet by 1.8% in the 4th quarter. Essex Private Wealth Management LLC now owns 221 shares of the information services provider’s stock valued at $639,000 after purchasing an additional 4 shares in the last quarter. Institutional investors and hedge funds own 31.20% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 20 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at approximately $1,346,575.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were bought at an average price of $34.65 per share, for a total transaction of $8,858,168.55. Following the purchase, the insider now directly owns 479,695 shares in the company, valued at approximately $16,621,431.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 20 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the sale, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,383 shares of company stock worth $15,761,666. 12.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. Wedbush restated an “outperform” rating on shares of Alphabet in a research note on Wednesday, April 20th. Canaccord Genuity Group cut their price target on Alphabet from $175.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price target on Alphabet from $157.50 to $145.00 in a report on Wednesday, April 27th. Credit Suisse Group set a $143.00 price target on Alphabet in a report on Tuesday, July 19th. Finally, Piper Sandler cut their price target on Alphabet from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.40.

Alphabet Price Performance

Alphabet stock opened at $118.22 on Friday. The firm has a market capitalization of $1.56 trillion, a P/E ratio of 21.99, a PEG ratio of 1.92 and a beta of 1.07. Alphabet Inc. has a 1 year low of $102.21 and a 1 year high of $152.10. The business has a 50-day moving average of $156.19 and a 200-day moving average of $138.46. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the business earned $27.26 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 5.22 EPS for the current year.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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