Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd grew its position in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 13.0% in the third quarter, Holdings Channel reports. The firm owned 59,382 shares of the information services provider’s stock after purchasing an additional 6,818 shares during the period. Alphabet comprises approximately 8.9% of Central Asset Investments & Management Holdings HK Ltd’s holdings, making the stock its 3rd biggest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in Alphabet were worth $7,830,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in Alphabet by 61,587.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after acquiring an additional 129,835,437 shares in the last quarter. Geode Capital Management LLC grew its position in Alphabet by 0.9% in the second quarter. Geode Capital Management LLC now owns 98,217,816 shares of the information services provider’s stock worth $11,846,230,000 after acquiring an additional 882,830 shares in the last quarter. JPMorgan Chase & Co. grew its position in Alphabet by 20.6% in the second quarter. JPMorgan Chase & Co. now owns 86,237,704 shares of the information services provider’s stock worth $10,432,175,000 after acquiring an additional 14,746,989 shares in the last quarter. Morgan Stanley grew its position in Alphabet by 37.6% in the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after acquiring an additional 19,612,974 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Alphabet by 1,807.4% in the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock worth $5,487,226,000 after acquiring an additional 54,077,519 shares in the last quarter. 27.13% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.4 %

Shares of NASDAQ:GOOG traded up $0.54 during midday trading on Thursday, hitting $147.22. 18,150,752 shares of the stock traded hands, compared to its average volume of 21,581,820. The stock has a market capitalization of $1.84 trillion, a PE ratio of 25.37, a P/E/G ratio of 1.35 and a beta of 1.06. The business’s 50 day moving average is $141.54 and its two-hundred day moving average is $136.51. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a one year low of $88.86 and a one year high of $155.20.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 6.76 earnings per share for the current year.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 420 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $133.32, for a total value of $55,994.40. Following the completion of the transaction, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at $3,577,375.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $132.92, for a total transaction of $26,584.00. Following the completion of the sale, the director now owns 7,184 shares of the company’s stock, valued at $954,897.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 420 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $133.32, for a total transaction of $55,994.40. Following the sale, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 114,674 shares of company stock valued at $16,162,276. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOG shares. Oppenheimer reissued an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, October 25th. Raymond James boosted their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Susquehanna boosted their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $142.29.

Check Out Our Latest Research Report on GOOG

Alphabet Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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