Bedrijfstakpensioenfonds Voor DE Media PNO lessened its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 327,600 shares of the information services provider’s stock after selling 7,500 shares during the quarter. Alphabet comprises about 7.5% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its 4th largest holding. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Alphabet were worth $59,889,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. raised its position in shares of Alphabet by 15.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 465,680 shares of the information services provider’s stock valued at $84,824,000 after purchasing an additional 60,814 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Alphabet by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,816,038 shares of the information services provider’s stock valued at $1,241,541,000 after acquiring an additional 325,420 shares in the last quarter. OV Management LLC raised its position in shares of Alphabet by 1.0% during the 2nd quarter. OV Management LLC now owns 38,136 shares of the information services provider’s stock valued at $6,946,000 after acquiring an additional 362 shares in the last quarter. American Financial & Tax Strategies Inc. acquired a new stake in shares of Alphabet during the 2nd quarter valued at approximately $233,000. Finally, Alta Advisers Ltd raised its position in shares of Alphabet by 1.9% during the 2nd quarter. Alta Advisers Ltd now owns 16,100 shares of the information services provider’s stock valued at $2,933,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Alphabet Price Performance
NASDAQ GOOGL opened at $200.21 on Monday. Alphabet Inc. has a fifty-two week low of $130.66 and a fifty-two week high of $202.29. The stock’s 50-day moving average is $186.46 and its two-hundred day moving average is $173.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.45 trillion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on GOOGL shares. Pivotal Research increased their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Roth Mkm increased their target price on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Cantor Fitzgerald dropped their target price on Alphabet from $215.00 to $210.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Finally, Loop Capital increased their target price on Alphabet from $170.00 to $185.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $209.44.
Check Out Our Latest Stock Report on Alphabet
Insider Transactions at Alphabet
In related news, insider John Kent Walker sold 16,820 shares of Alphabet stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the sale, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. This trade represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,387 shares of company stock worth $24,368,654. Company insiders own 11.55% of the company’s stock.
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.
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