Alphabet Inc. (NASDAQ:GOOG) is Mutual of America Capital Management LLC’s 9th Largest Position

Mutual of America Capital Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGFree Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 706,822 shares of the information services provider’s stock after selling 28,787 shares during the quarter. Alphabet makes up 1.1% of Mutual of America Capital Management LLC’s portfolio, making the stock its 9th biggest position. Mutual of America Capital Management LLC’s holdings in Alphabet were worth $93,194,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tolleson Wealth Management Inc. purchased a new stake in shares of Alphabet in the second quarter worth $411,000. Westshore Wealth LLC grew its stake in shares of Alphabet by 31.2% in the second quarter. Westshore Wealth LLC now owns 15,700 shares of the information services provider’s stock worth $1,887,000 after acquiring an additional 3,730 shares during the last quarter. Washington Trust Bank grew its stake in shares of Alphabet by 33.0% in the third quarter. Washington Trust Bank now owns 7,359 shares of the information services provider’s stock worth $970,000 after acquiring an additional 1,826 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. grew its stake in shares of Alphabet by 20.0% in the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,986 shares of the information services provider’s stock worth $724,000 after acquiring an additional 996 shares during the last quarter. Finally, Blue Barn Wealth LLC grew its stake in shares of Alphabet by 2.0% in the second quarter. Blue Barn Wealth LLC now owns 6,148 shares of the information services provider’s stock worth $744,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 27.13% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock traded up $0.54 during trading on Thursday, hitting $147.22. 18,220,593 shares of the company’s stock traded hands, compared to its average volume of 21,735,979. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a 1 year low of $88.86 and a 1 year high of $155.20. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 25.37, a PEG ratio of 1.35 and a beta of 1.06. The business has a 50-day simple moving average of $141.54 and a 200-day simple moving average of $136.51.

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

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the transaction, the director now directly 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 at the SEC website. In other news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $136.40, for a total value of $31,372.00. Following the transaction, the director now owns 14,515 shares of the company’s stock, valued at $1,979,846. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the transaction, the director now directly owns 7,184 shares in the company, valued at approximately $954,897.28. The disclosure for this sale can be found here. Over the last three months, insiders have 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

A number of equities research analysts have recently commented on the company. Raymond James increased their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna increased their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $142.29.

View Our Latest Stock 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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