Axa S.A. raised its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,881.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,353,777 shares of the information services provider’s stock after buying an additional 4,134,022 shares during the period. Alphabet comprises about 1.6% of Axa S.A.’s portfolio, making the stock its 5th biggest position. Axa S.A.’s holdings in Alphabet were worth $418,616,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the stock. OLD Second National Bank of Aurora boosted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares in the last quarter. Westchester Capital Management Inc. boosted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares in the last quarter. Saban Cheryl boosted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.
Insider Activity at Alphabet
In related news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the transaction, the director now directly owns 11,300 shares of the company’s stock, valued at $1,017,565. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,745 shares of company stock valued at $3,424,078. 12.99% of the stock is owned by insiders.
Analyst Ratings Changes
Alphabet Stock Performance
Shares of GOOG opened at $90.51 on Thursday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.16 trillion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.24 and a beta of 1.08. The stock has a 50 day moving average of $94.13 and a 200 day moving average of $98.53. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $144.16.
Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.53 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.12 earnings per share for the current year.
Alphabet Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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