Daiwa SB Investments Ltd. Increases Position in Alphabet Inc (GOOG)

Daiwa SB Investments Ltd. raised its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,701 shares of the information services provider’s stock after buying an additional 140 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Alphabet were worth $1,762,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GOOG. Vanguard Group Inc. grew its position in shares of Alphabet by 97.8% during the 3rd quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock worth $51,643,016,000 after buying an additional 21,273,995 shares during the period. Trust Asset Management LLC grew its position in shares of Alphabet by 86,154.5% during the 3rd quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after buying an additional 20,764,952 shares during the period. Capital International Investors grew its position in shares of Alphabet by 587.2% during the 3rd quarter. Capital International Investors now owns 3,885,216 shares of the information services provider’s stock worth $4,636,889,000 after buying an additional 3,319,821 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Alphabet by 120,025.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,013,947 shares of the information services provider’s stock worth $1,134,577,000 after buying an additional 3,011,438 shares during the period. Finally, Mainstay Capital Management LLC ADV grew its position in shares of Alphabet by 79,743.5% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after buying an additional 795,840 shares during the period. Institutional investors own 34.07% of the company’s stock.

Several equities analysts have recently issued reports on GOOG shares. BidaskClub upgraded Alphabet from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, December 21st. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Monday, January 14th. Nomura reiterated a “buy” rating on shares of Alphabet in a research report on Monday, January 7th. Finally, Deutsche Bank decreased their price objective on Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating for the company in a research report on Wednesday, January 23rd. Three analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,327.66.

Shares of GOOG opened at $1,184.26 on Tuesday. The company has a market capitalization of $823.28 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.86 by $1.91. The firm had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.70 EPS. Equities analysts forecast that Alphabet Inc will post 47.38 EPS for the current year.

In other Alphabet news, Director John L. Hennessy sold 375 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total value of $450,000.00. Following the sale, the director now owns 80 shares in the company, valued at approximately $96,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $1,023.13, for a total value of $10,231,300.00. Following the completion of the sale, the chief executive officer now owns 816 shares in the company, valued at approximately $834,874.08. The disclosure for this sale can be found here. Insiders sold a total of 36,437 shares of company stock worth $38,346,021 in the last 90 days. Company insiders own 13.11% of the company’s stock.

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About Alphabet

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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