Machina Capital S.A.S. bought a new stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,774 shares of the information services provider’s stock, valued at approximately $288,000.
Several other hedge funds have also made changes to their positions in GOOG. Moneta Group Investment Advisors LLC lifted its stake in Alphabet by 61,587.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after purchasing an additional 129,835,437 shares during the period. Geode Capital Management LLC lifted its stake in Alphabet by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 97,481,034 shares of the information services provider’s stock worth $8,631,760,000 after purchasing an additional 988,569 shares during the period. Morgan Stanley lifted its stake in Alphabet by 37.6% during the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after purchasing an additional 19,612,974 shares during the period. Bank of New York Mellon Corp lifted its stake in Alphabet by 1,807.4% during the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock worth $5,487,226,000 after purchasing an additional 54,077,519 shares during the period. Finally, Norges Bank bought a new position in Alphabet during the fourth quarter worth about $3,059,614,000. Institutional investors own 27.17% of the company’s stock.
Insider Transactions at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction on 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 sale, the director now owns 5,740 shares of the company’s stock, valued at $721,231. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction on 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 sale, the director now owns 5,740 shares of the company’s stock, valued at $721,231. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the sale, the insider now directly owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. Insiders sold 832,682 shares of company stock valued at $26,077,123 over the last quarter. Corporate insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Alphabet Stock Up 1.6 %
Shares of NASDAQ:GOOG opened at $119.62 on Thursday. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $129.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The company has a market capitalization of $1.52 trillion, a PE ratio of 26.64, a PEG ratio of 1.54 and a beta of 1.07. The company has a 50 day moving average price of $120.90 and a two-hundred day moving average price of $106.29.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 5.39 earnings per share for the current year.
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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