Opera Trading Capital increased its position in Alphabet Inc (NASDAQ:GOOG) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,366 shares of the information services provider’s stock after acquiring an additional 745 shares during the period. Opera Trading Capital’s holdings in Alphabet were worth $4,187,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Vanguard Group Inc. grew its holdings in Alphabet by 3.0% during the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock valued at $18,574,476,000 after purchasing an additional 589,654 shares during the period. BlackRock Inc. grew its holdings in Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after purchasing an additional 826,480 shares during the period. FMR LLC grew its holdings in Alphabet by 0.4% during the second quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock valued at $12,696,484,000 after purchasing an additional 62,507 shares during the period. Capital World Investors grew its holdings in Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after purchasing an additional 776,853 shares during the period. Finally, Capital Research Global Investors grew its holdings in Alphabet by 3.2% during the second quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock valued at $4,528,593,000 after purchasing an additional 155,151 shares during the period. 34.62% of the stock is owned by institutional investors.
In other Alphabet news, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total transaction of $39,836.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total value of $4,508,680.00. Following the sale, the chief executive officer now owns 656 shares in the company, valued at $739,423.52. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock worth $38,411,507 over the last quarter. 13.92% of the stock is owned by company insiders.
Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,155.81 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market capitalization of $805,160.00, a PE ratio of 38.50 and a beta of 0.94. Alphabet Inc has a 52-week low of $790.52 and a 52-week high of $1,159.88.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $9.06 earnings per share.
Several research firms have issued reports on GOOG. BidaskClub raised Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. JMP Securities reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr downgraded Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective on the stock. in a research report on Wednesday, January 10th. Finally, UBS Group restated a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $1,052.31.
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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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