AMF Tjanstepension AB increased its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 22.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,719,300 shares of the information services provider’s stock after purchasing an additional 672,210 shares during the quarter. Alphabet accounts for about 3.8% of AMF Tjanstepension AB’s holdings, making the stock its 2nd largest holding. AMF Tjanstepension AB’s holdings in Alphabet were worth $330,013,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. OLD Second National Bank of Aurora boosted its holdings in Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares during the last quarter. Westchester Capital Management Inc. lifted its position in shares of Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the last quarter. Saban Cheryl increased its position in shares of Alphabet by 1,900.0% during the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after purchasing an additional 190 shares in the last quarter. Finally, Gould Capital LLC raised its stake in Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 28.69% of the company’s stock.
Insider Activity at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total value of $63,617.19. Following the completion of the transaction, the chief accounting officer now owns 25,282 shares of the company’s stock, valued at approximately $2,524,913.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $99.87, for a total transaction of $63,617.19. Following the completion of the transaction, the chief accounting officer now owns 25,282 shares of the company’s stock, valued at approximately $2,524,913.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 112,192 shares of company stock worth $11,373,417. Corporate insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In
Alphabet Trading Up 3.8 %
Shares of NASDAQ GOOG opened at $108.90 on Friday. 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 stock has a market capitalization of $1.39 trillion, a PE ratio of 23.93, a PEG ratio of 1.45 and a beta of 1.10. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $137.70. The stock has a fifty day simple moving average of $98.63 and a 200-day simple moving average of $96.42.
Alphabet (NASDAQ:GOOG – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $1.53 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post 5.11 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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