Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $52.14 Million Holdings in Alphabet Inc (GOOG)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Alphabet Inc (NASDAQ:GOOG) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,364 shares of the information services provider’s stock after buying an additional 1,194 shares during the period. Alphabet makes up approximately 1.2% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 11th biggest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Alphabet were worth $52,141,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Burt Wealth Advisors increased its stake in shares of Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC increased its stake in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the period. Archford Capital Strategies LLC increased its stake in shares of Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares during the period. Almanack Investment Partners LLC. increased its stake in shares of Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC increased its stake in shares of Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after purchasing an additional 157 shares during the period. 34.63% of the stock is owned by institutional investors.

A number of research firms have recently commented on GOOG. Vetr lowered Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective on the stock. in a research note on Wednesday. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,044.41.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,102.61 on Thursday. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,111.27. The firm has a market capitalization of $768,340.00, a P/E ratio of 36.73 and a beta of 0.94. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same period in the prior year, the company posted $9.06 EPS. The company’s revenue was up 23.7% compared to the same quarter last year.

In other news, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the transaction, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,900 shares of company stock worth $37,877,147. Corporate insiders own 13.92% of the company’s stock.

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Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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