Perpetual Ltd acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,319,167 shares of the information services provider’s stock, valued at approximately $240,567,000. Alphabet makes up about 2.1% of Perpetual Ltd’s investment portfolio, making the stock its 8th largest holding.
Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares in the last quarter. State Street Corp raised its stake in Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Alphabet by 1,759.2% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter worth $8,335,063,000. Institutional investors and hedge funds own 35.38% of the company’s stock.
Insiders Place Their Bets
In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $131.14, for a total value of $26,228.00. Following the sale, the director now directly owns 5,340 shares in the company, valued at approximately $700,287.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $12.77, for a total value of $191,550.00. Following the transaction, the insider now directly owns 10,735,324 shares in the company, valued at $137,090,087.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $131.14, for a total transaction of $26,228.00. Following the sale, the director now owns 5,340 shares of the company’s stock, valued at approximately $700,287.60. The disclosure for this sale can be found here. Insiders sold 430,790 shares of company stock worth $20,443,054 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on GOOGL
Alphabet Stock Performance
NASDAQ:GOOGL opened at $129.56 on Monday. The company has a market cap of $1.63 trillion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $133.74. The company has a fifty day simple moving average of $123.95 and a two-hundred day simple moving average of $111.38.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The business had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $60.24 billion. During the same quarter last year, the business posted $1.21 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 5.67 earnings per share for the current fiscal year.
Alphabet Company Profile
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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