Alphabet Inc. $GOOG Stock Holdings Trimmed by Deuterium Capital Management LLC

Deuterium Capital Management LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 20.0% during the second quarter, HoldingsChannel reports. The firm owned 43,200 shares of the information services provider’s stock after selling 10,800 shares during the period. Alphabet makes up approximately 14.4% of Deuterium Capital Management LLC’s holdings, making the stock its 4th biggest holding. Deuterium Capital Management LLC’s holdings in Alphabet were worth $7,663,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GOOG. Kingstone Capital Partners Texas LLC increased its holdings in shares of Alphabet by 580,897.4% in the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock worth $23,963,208,000 after buying an additional 135,064,454 shares during the period. Nuveen LLC purchased a new position in shares of Alphabet in the first quarter worth about $2,622,943,000. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.4% in the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock worth $64,299,725,000 after buying an additional 9,687,855 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Alphabet by 9.9% in the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock worth $15,971,861,000 after buying an additional 9,243,959 shares during the period. Finally, Strs Ohio purchased a new position in shares of Alphabet in the first quarter worth about $369,713,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.0%

NASDAQ GOOG opened at $281.82 on Friday. The business’s 50-day moving average is $244.59 and its 200 day moving average is $200.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market capitalization of $3.41 trillion, a PE ratio of 27.79, a PEG ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $291.93.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the sale, the director directly owned 5,116 shares of the company’s stock, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer directly owned 14,516 shares in the company, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 246,150 shares of company stock worth $55,805,379. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several analyst reports. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Bank of America lifted their price objective on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen raised their target price on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wolfe Research raised their target price on Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 target price on shares of Alphabet in a research note on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $324.81.

About Alphabet

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.