Northstar Group Inc. lifted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 4,181 shares of the information services provider’s stock after buying an additional 13 shares during the quarter. Alphabet accounts for approximately 2.1% of Northstar Group Inc.’s holdings, making the stock its 7th largest position. Northstar Group Inc.’s holdings in Alphabet were worth $5,591,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Alphabet by 24.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 670 shares of the information services provider’s stock worth $817,000 after purchasing an additional 130 shares in the last quarter. CNB Bank lifted its position in Alphabet by 9.8% in the 3rd quarter. CNB Bank now owns 1,136 shares of the information services provider’s stock worth $1,385,000 after buying an additional 101 shares during the last quarter. NewSquare Capital LLC lifted its position in Alphabet by 113.6% in the 4th quarter. NewSquare Capital LLC now owns 47 shares of the information services provider’s stock worth $63,000 after buying an additional 25 shares during the last quarter. Man Group plc boosted its stake in Alphabet by 186.6% in the third quarter. Man Group plc now owns 76,905 shares of the information services provider’s stock worth $93,747,000 after buying an additional 50,073 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Alphabet by 0.6% in the third quarter. CIBC Asset Management Inc now owns 62,549 shares of the information services provider’s stock worth $76,247,000 after buying an additional 350 shares in the last quarter. 33.80% of the stock is owned by institutional investors.
GOOG stock opened at $1,484.40 on Wednesday. The firm’s 50-day moving average price is $1,376.95 and its two-hundred day moving average price is $1,259.39. Alphabet Inc has a 12-month low of $1,025.00 and a 12-month high of $1,491.85. The stock has a market capitalization of $1,021.00 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.62 and a beta of 1.01. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.57 by ($2.45). The firm had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $13.06 earnings per share. Equities analysts predict that Alphabet Inc will post 49.03 EPS for the current year.
In related news, major shareholder Capitalg Lp sold 330,027 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $61.38, for a total value of $20,257,057.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 25 shares of Alphabet stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1,265.00, for a total transaction of $31,625.00. Following the completion of the sale, the director now owns 1,823 shares in the company, valued at approximately $2,306,095. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,674,700 shares of company stock worth $336,637,779. 12.99% of the stock is owned by company insiders.
GOOG has been the topic of several research reports. William Blair reissued an “outperform” rating on shares of Alphabet in a research note on Tuesday, October 29th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, October 29th. UBS Group reaffirmed a “buy” rating and set a $1,675.00 target price (up previously from $1,460.00) on shares of Alphabet in a report on Friday, January 17th. Deutsche Bank decreased their target price on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, Cleveland Research reissued a “neutral” rating on shares of Alphabet in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,499.88.
Alphabet Company Profile
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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