Cantillon Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,775,976 shares of the information services provider’s stock after selling 113,150 shares during the period. Alphabet makes up 4.3% of Cantillon Capital Management LLC’s holdings, making the stock its 4th biggest position. Cantillon Capital Management LLC’s holdings in Alphabet were worth $509,614,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Willow Creek Wealth Management Inc. increased its position in shares of Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after purchasing an additional 17,631 shares during the period. Bfsg LLC grew its position in Alphabet by 160.5% in the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after acquiring an additional 4,975 shares during the last quarter. Ibex Investors LLC bought a new position in Alphabet in the fourth quarter valued at about $2,617,000. Louisiana State Employees Retirement System bought a new position in Alphabet in the third quarter valued at about $55,305,000. Finally, Griffin Asset Management Inc. grew its position in Alphabet by 1,900.0% in the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock valued at $4,997,000 after acquiring an additional 49,628 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $90.15, for a total value of $57,425.55. Following the transaction, the chief accounting officer now directly owns 25,442 shares in the company, valued at approximately $2,293,596.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,539 shares of company stock valued at $10,214,031. Insiders own 11.44% of the company’s stock.
Alphabet Trading Down 1.8 %
Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have issued reports on GOOGL. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of Alphabet in a research report on Monday, April 3rd. JMP Securities reiterated a “market outperform” rating and issued a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. Jefferies Financial Group reissued a “buy” rating and set a $130.00 price target on shares of Alphabet in a research note on Friday, February 10th. Loop Capital lifted their price target on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Finally, Oppenheimer lifted their price target on Alphabet from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.06.
Alphabet Company 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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