FUKOKU MUTUAL LIFE INSURANCE Co trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,217 shares of the information services provider’s stock after selling 1,143 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Alphabet were worth $2,311,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Corrado Advisors LLC purchased a new position in Alphabet in the fourth quarter worth $27,000. Gould Capital LLC grew its holdings in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in Alphabet by 1,900.0% in the third quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock worth $31,000 after purchasing an additional 304 shares during the last quarter. My Personal CFO LLC purchased a new position in Alphabet in the fourth quarter worth $34,000. Finally, Bellwether Advisors LLC lifted its stake in shares of Alphabet by 9,400.0% during the third quarter. Bellwether Advisors LLC now owns 380 shares of the information services provider’s stock worth $36,000 after buying an additional 376 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. UBS Group lifted their price objective on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Robert W. Baird lifted their price objective on shares of Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Raymond James lifted their price objective on shares of Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. Finally, Oppenheimer decreased their target price on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $132.80.
Alphabet Trading Up 0.8 %
Alphabet (NASDAQ:GOOG – Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $120.02, for a total transaction of $28,804.80. Following the completion of the transaction, the director now owns 13,040 shares in the company, valued at approximately $1,565,060.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the transaction, the director now owns 5,740 shares in the company, valued at approximately $721,231. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 240 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $120.02, for a total transaction of $28,804.80. Following the completion of the sale, the director now owns 13,040 shares of the company’s stock, valued at approximately $1,565,060.80. The disclosure for this sale can be found here. Insiders sold a total of 848,978 shares of company stock worth $27,492,109 in the last 90 days. Insiders own 12.99% of the company’s stock.
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.
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