Robeco Institutional Asset Management B.V. boosted its position in Alphabet Inc (NASDAQ:GOOG) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,495 shares of the information services provider’s stock after acquiring an additional 7,408 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Alphabet were worth $109,882,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in Alphabet by 2.4% in the first quarter. CIBC Asset Management Inc now owns 63,324 shares of the information services provider’s stock valued at $73,634,000 after buying an additional 1,494 shares during the period. Trust Investment Advisors increased its position in shares of Alphabet by 2.1% during the first quarter. Trust Investment Advisors now owns 762 shares of the information services provider’s stock worth $886,000 after acquiring an additional 16 shares in the last quarter. Osher Van de Voorde Investment Management grew its position in Alphabet by 0.8% in the 1st quarter. Osher Van de Voorde Investment Management now owns 9,107 shares of the information services provider’s stock worth $10,582,000 after purchasing an additional 71 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Alphabet by 25.4% in the first quarter. Koshinski Asset Management Inc. now owns 962 shares of the information services provider’s stock valued at $1,119,000 after acquiring an additional 195 shares during the last quarter. Finally, Tarbox Family Office Inc. boosted its stake in Alphabet by 4.6% in the first quarter. Tarbox Family Office Inc. now owns 477 shares of the information services provider’s stock valued at $555,000 after acquiring an additional 21 shares during the last quarter. 33.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:GOOG traded down $11.94 during midday trading on Monday, reaching $1,308.67. 502,222 shares of the company’s stock were exchanged, compared to its average volume of 2,089,346. The stock has a market cap of $907.64 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 3.64. The firm’s 50 day simple moving average is $1,189.64 and its two-hundred day simple moving average is $1,320.25. Alphabet Inc has a fifty-two week low of $1,013.54 and a fifty-two week high of $1,532.11.
Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing the consensus estimate of $11.27 by ($1.40). The firm had revenue of $41.16 billion during the quarter, compared to analyst estimates of $40.29 billion. Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.50 earnings per share. Equities research analysts predict that Alphabet Inc will post 41.61 earnings per share for the current fiscal year.
In other news, Director Ann Mather sold 31 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $1,352.66, for a total transaction of $41,932.46. Following the completion of the transaction, the director now directly owns 1,119 shares of the company’s stock, valued at $1,513,626.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 60 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,457.16, for a total value of $87,429.60. Following the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $565,378.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,820,403 shares of company stock valued at $119,179,685. 12.99% of the stock is currently owned by corporate insiders.
GOOG has been the topic of several recent analyst reports. Raymond James lowered their target price on shares of Alphabet from $1,580.00 to $1,425.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank raised their price objective on shares of Alphabet from $1,515.00 to $1,625.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $1,340.00 to $1,505.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,576.95.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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