Jag Capital Management LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,597 shares of the information services provider’s stock after selling 4,543 shares during the period. Alphabet makes up about 3.0% of Jag Capital Management LLC’s holdings, making the stock its 5th biggest position. Jag Capital Management LLC’s holdings in Alphabet were worth $23,505,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GOOGL. Vanguard Group Inc. raised 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 purchasing an additional 453,413,389 shares during the period. State Street Corp raised its position in shares of Alphabet by 1,900.6% in the third 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 period. Moneta Group Investment Advisors LLC raised its position in shares of Alphabet by 111,197.8% in the fourth 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after purchasing an additional 109,870,525 shares during the period. Finally, Norges Bank bought a new stake in Alphabet during the 4th quarter worth approximately $8,335,063,000. Institutional investors own 35.38% of the company’s stock.
Insider Buying and Selling
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 16,633 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $13.65, for a total value of $227,040.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder 2019 Gp L.L.C. Gv sold 16,633 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $13.65, for a total value of $227,040.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 9,540 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $125.33, for a total value of $1,195,648.20. Following the completion of the sale, the director now directly owns 2,800 shares of the company’s stock, valued at $350,924. The disclosure for this sale can be found here. In the last quarter, insiders have sold 180,006 shares of company stock worth $8,804,132. 0.88% of the stock is owned by company insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on GOOGL
Alphabet Stock Down 2.0 %
Shares of GOOGL opened at $129.78 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $134.25. The firm has a fifty day moving average price of $124.96 and a 200-day moving average price of $113.04. The firm has a market capitalization of $1.64 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.49 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The business had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $60.24 billion. During the same period in the previous year, the company posted $1.21 earnings per share. Equities research analysts expect that Alphabet Inc. will post 5.67 earnings per share for the current 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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