Bedrijfstakpensioenfonds Voor DE Media PNO Has $2.31 Million Stake in Alphabet Inc. (GOOG)
Bedrijfstakpensioenfonds Voor DE Media PNO decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 78.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,541 shares of the information services provider’s stock after selling 9,000 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Alphabet were worth $2,309,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of GOOG. Cigna Investments Inc. New purchased a new stake in Alphabet during the fourth quarter worth $10,121,000. L & S Advisors Inc purchased a new stake in Alphabet during the fourth quarter worth $422,000. Fortis Advisors LLC purchased a new stake in Alphabet during the fourth quarter worth $258,000. Capital International Inc. CA raised its stake in Alphabet by 12.7% in the fourth quarter. Capital International Inc. CA now owns 10,488 shares of the information services provider’s stock worth $8,095,000 after buying an additional 1,184 shares in the last quarter. Finally, Congress Asset Management Co. MA purchased a new stake in Alphabet during the fourth quarter worth $11,840,000. Institutional investors own 34.54% of the company’s stock.
Alphabet Inc. (GOOG) traded down 1.32% during mid-day trading on Thursday, hitting $910.75. 820,933 shares of the stock were exchanged. The stock’s 50 day moving average is $939.37 and its 200 day moving average is $888.29. The stock has a market cap of $631.04 billion, a PE ratio of 33.01 and a beta of 0.94. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Zacks’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same period in the prior year, the business earned $8.42 earnings per share. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. MKM Partners reissued a “buy” rating and issued a $1,210.00 price target (up from $1,170.00) on shares of Alphabet in a research note on Thursday. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Wednesday. BidaskClub downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,057.00 price target for the company in a research note on Thursday, July 27th. Finally, B. Riley reissued a “buy” rating and issued a $1,050.00 price target (up from $1,032.00) on shares of Alphabet in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,026.22.
In related news, SVP David C. Drummond sold 2,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $945.65, for a total transaction of $1,891,300.00. Following the completion of the sale, the senior vice president now directly owns 3,800 shares in the company, valued at $3,593,470. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director L John Doerr sold 13,355 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $935.93, for a total transaction of $12,499,345.15. Following the sale, the director now owns 3,468 shares of the company’s stock, valued at $3,245,805.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,218 shares of company stock valued at $44,511,312. 13.92% of the stock is owned by company insiders.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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