Yacktman Asset Management LP trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 0.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,130,134 shares of the information services provider’s stock after selling 16,265 shares during the quarter. Alphabet comprises about 3.7% of Yacktman Asset Management LP’s holdings, making the stock its 6th biggest position. Yacktman Asset Management LP’s holdings in Alphabet were worth $366,467,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GOOG. OLD Second National Bank of Aurora increased its position in Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares during the last quarter. Westchester Capital Management Inc. boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after acquiring an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC raised its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares in the last quarter. Saban Cheryl lifted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after purchasing an additional 190 shares during the last quarter. Finally, Gould Capital LLC boosted its position in Alphabet by 2,150.0% during the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.
Insider Transactions at Alphabet
In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. In the last three months, insiders sold 112,192 shares of company stock worth $11,373,417. 12.99% of the stock is owned by company insiders.
Alphabet Price Performance
Shares of GOOG opened at $108.90 on Friday. The company has a market cap of $1.39 trillion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.45 and a beta of 1.10. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $98.63 and its 200 day simple moving average is $96.42. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $137.70.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. On average, research analysts forecast that Alphabet Inc. will post 5.11 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on GOOG shares. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research note on Friday, February 3rd. Cowen decreased their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Sanford C. Bernstein set a $130.00 price objective on shares of Alphabet in a research report on Monday, February 6th. Finally, Raymond James lifted their target price on Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.24.
About Alphabet
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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