Mitsubishi UFJ Asset Management UK Ltd. Has $3.32 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Mitsubishi UFJ Asset Management UK Ltd. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 40.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the information services provider’s stock after selling 13,500 shares during the quarter. Alphabet accounts for 1.7% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 11th biggest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Alphabet were worth $3,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc increased its stake in Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Alphabet during the 2nd quarter valued at $36,000. Tributary Capital Management LLC purchased a new position in shares of Alphabet during the 1st quarter valued at $30,000. Denver PWM LLC acquired a new position in shares of Alphabet in the second quarter worth $41,000. Finally, Quarry LP purchased a new stake in shares of Alphabet during the second quarter worth $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $166.72 on Tuesday. The firm has a market capitalization of $2.06 trillion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75. The firm has a 50-day moving average price of $161.95 and a 200 day moving average price of $168.65.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $153.75, for a total transaction of $123,000.00. Following the completion of the transaction, the director now directly owns 28,524 shares of the company’s stock, valued at approximately $4,385,565. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Cantor Fitzgerald restated a “neutral” rating and issued a $190.00 target price on shares of Alphabet in a research note on Monday, October 7th. Tigress Financial increased their price objective on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th. Wells Fargo & Company cut their price objective on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. UBS Group boosted their target price on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Seven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.