Five Oceans Advisors trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,766 shares of the information services provider’s stock after selling 136 shares during the period. Five Oceans Advisors’ holdings in Alphabet were worth $1,016,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Alphabet by 1,885.5% in the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after acquiring an additional 400,930,216 shares during the last quarter. BlackRock Inc. increased its holdings in Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after acquiring an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Alphabet by 1,770.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after acquiring an additional 192,607,045 shares during the last quarter. State Street Corp increased its holdings in Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after acquiring an additional 186,809,281 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in Alphabet by 61,587.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after acquiring an additional 129,835,437 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Alphabet
In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of Alphabet stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the acquisition, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider John Kent Walker sold 29,006 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $101.84, for a total value of $2,953,971.04. Following the completion of the sale, the insider now owns 24,277 shares in the company, valued at approximately $2,472,369.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of Alphabet stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the acquisition, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. Insiders sold a total of 877,364 shares of company stock valued at $30,371,135 in the last three months. Company insiders own 12.99% of the company’s stock.
Alphabet Price Performance
Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. On average, research analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GOOG. Oppenheimer reduced their target price on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. Robert W. Baird boosted their target price on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Finally, UBS Group boosted their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.
About Alphabet
Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Featured Stories
- Get a free research report on Alphabet from StockNews.com
- Is Diablo IV Causing a Resurgence in Activision Blizzard Stock?
- Sleep-At-Night Stock Sherwin-Williams Is Ready To Rebound
- MongoDB: An AI Play That’s About To Boil Over
- Will China’s $72 Billion EV Tax Breaks Help NIO Stock Recover?
- Five stocks we like better than Alphabet
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Get Rating).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
