USS Investment Management Ltd Trims Position in Alphabet Inc (NASDAQ:GOOG)

USS Investment Management Ltd trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 32.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,996 shares of the information services provider’s stock after selling 88,595 shares during the quarter. Alphabet makes up 2.4% of USS Investment Management Ltd’s investment portfolio, making the stock its 7th largest position. USS Investment Management Ltd’s holdings in Alphabet were worth $251,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lighthouse Financial Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $25,000. 1 North Wealth Services LLC purchased a new position in shares of Alphabet in the 3rd quarter valued at approximately $40,000. OLD Second National Bank of Aurora lifted its stake in shares of Alphabet by 50.0% in the 4th quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 10 shares during the period. Wealthcare Capital Management LLC lifted its stake in shares of Alphabet by 300.0% in the 4th quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 24 shares during the period. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

GOOG has been the subject of a number of research analyst reports. Piper Sandler raised their target price on Alphabet from $1,500.00 to $1,600.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. DZ Bank restated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Nomura raised their target price on Alphabet from to in a research note on Tuesday, February 4th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Finally, Cleveland Research restated a “neutral” rating on shares of Alphabet in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,591.10.

In other Alphabet news, SVP David C. Drummond sold 28,429 shares of Alphabet stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $1,358.81, for a total value of $38,629,609.49. Following the completion of the sale, the senior vice president now owns 800 shares of the company’s stock, valued at approximately $1,087,048. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David C. Drummond sold 56,860 shares of Alphabet stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $1,289.62, for a total value of $73,327,793.20. Following the completion of the sale, the senior vice president now directly owns 45,806 shares of the company’s stock, valued at approximately $59,072,333.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,013,643 shares of company stock valued at $389,654,791. 12.99% of the stock is owned by corporate insiders.

GOOG stock traded up $6.08 on Friday, reaching $1,520.74. 1,162,698 shares of the company traded hands, compared to its average volume of 1,679,799. Alphabet Inc has a one year low of $1,025.00 and a one year high of $1,529.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35. The company has a market cap of $1,040.52 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The firm has a fifty day simple moving average of $1,431.92 and a 200-day simple moving average of $1,295.96.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $12.76 by $2.59. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The company had revenue of $46.08 billion during the quarter, compared to analyst estimates of $46.87 billion. During the same quarter last year, the company earned $10.95 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc will post 54.5 EPS for the current year.

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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