Alphabet Inc. (GOOG) Holdings Maintained by NJ State Employees Deferred Compensation Plan
NJ State Employees Deferred Compensation Plan maintained its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,085 shares of the information services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Alphabet were worth $1,895,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC lifted its holdings in shares of Alphabet by 87,001.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after acquiring an additional 1,991,465 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Alphabet by 37.1% in the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock valued at $1,019,026,000 after acquiring an additional 324,596 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Alphabet by 35.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock valued at $350,437,000 after acquiring an additional 111,292 shares during the last quarter. Arthur M. Cohen & Associates LLC bought a new position in shares of Alphabet in the 2nd quarter valued at about $4,914,000. Finally, Karp Capital Management Corp bought a new position in shares of Alphabet in the 1st quarter valued at about $82,519,000. 34.52% of the stock is owned by institutional investors and hedge funds.
GOOG has been the subject of a number of analyst reports. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $980.86 price target for the company in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price target on shares of Alphabet in a report on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $1,200.00 price target on shares of Alphabet in a report on Wednesday, June 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have given a buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,034.07.
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In other news, Director Ann Mather sold 629 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total value of $586,404.12. Following the completion of the sale, the director now owns 1,781 shares in the company, valued at approximately $1,660,390.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 184 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $932.38, for a total transaction of $171,557.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,694 shares of company stock valued at $38,042,264. 13.92% of the stock is owned by company insiders.
Alphabet Inc. (NASDAQ:GOOG) opened at 989.68 on Monday. The stock has a market cap of $685.73 billion, a PE ratio of 35.87 and a beta of 0.94. Alphabet Inc. has a one year low of $727.54 and a one year high of $997.21. The company’s 50 day moving average is $942.88 and its 200 day moving average is $925.82.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. Alphabet’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.42 EPS. On average, equities research analysts expect that Alphabet Inc. will post $30.62 EPS for the current year.
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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