Humankind Investments LLC lifted its stake in shares of Alphabet Inc. (NASDAQ: GOOGL – Get Rating) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,459 shares of the information services provider’s stock after acquiring an additional 32 shares during the period. Alphabet comprises 1.7% of Humankind Investments LLC’s investment portfolio, making its stock its 13th largest position. Humankind Investments LLC’s holdings in Alphabet were worth $ 4,227,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its holdings in Alphabet by 1.4% in the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock valued at $ 32,599,789,000 after buying an additional 157,280 shares during the last quarter. Geode Capital Management LLC increased its holdings in Alphabet by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,322,633 shares of the information services provider’s stock valued at $ 15,381,257,000 after buying an additional 116,084 shares during the last quarter. Norges Bank purchased a new position in Alphabet in the fourth quarter valued at $ 14,477,662,000. Morgan Stanley increased its holdings in Alphabet by 1.2% in the second quarter. Morgan Stanley now owns 3,216,517 shares of the information services provider’s stock valued at $ 7,854,059,000 after buying an additional 39,437 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Alphabet by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,825,959 shares of the information services provider’s stock valued at $ 8,186,916,000 after buying an additional 20,120 shares during the last quarter. 41.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ: GOOGL opened at $ 2,142.87 on Friday. The company has a quick ratio of 2.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.06. The company has a market cap of $ 1.41 trillion, a P / E ratio of 19.38, a PEG ratio of 1.01 and a beta of 1.13. Alphabet Inc. has a 52 week low of $ 2,037.69 and a 52 week high of $ 3,030.93. The company has a 50-day moving average price of $ 2,322.95 and a 200 day moving average price of $ 2,610.25.
Alphabet’s stock is set to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly issued shares will be issued to shareholders after the market closes on Friday, July 15th.
Alphabet (NASDAQ: GOOGL – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The information services provider reported $ 24.62 EPS for the quarter, missing analysts’ consensus estimates of $ 25.70 by ($ 1.08). Alphabet had a net margin of 27.57% and a return on equity of 30.18%. The firm had revenue of $ 56.02 billion during the quarter, compared to analyst estimates of $ 56.17 billion. During the same quarter in the previous year, the business earned $ 26.29 EPS. Analysts expect that Alphabet Inc. will post 111.86 EPS for the current year.
In other news, Director John L. Hennessy sold 33 shares of the firm’s stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $ 2,348.39, for a total transaction of $ 77,496.87. Following the completion of the transaction, the director now directly owns 78 shares of the company stock, valued at approximately $ 183,174.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2016 Gp LLC Gv sold 544,249 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $ 11.16, for a total transaction of $ 6,073,818.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,357 shares of company stock valued at $ 21,855,978. 11.44% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the company. Credit Suisse Group dropped their target price on Alphabet from $ 3,450.00 to $ 3,400.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Moffett Nathanson dropped their target price on Alphabet to $ 2,650.00 in a report on Thursday, May 26th. Barclays dropped their target price on Alphabet from $ 3,300.00 to $ 3,200.00 and set an “overweight” rating on the stock in a report on Wednesday, April 27th. BMO Capital Markets decreased their price objective on shares of Alphabet from $ 3,300.00 to $ 3,000.00 and set an “outperform” rating for the company in a research note on Wednesday, April 27th. Finally, Wedbush decreased their price objective on shares of Alphabet from $ 3,800.00 to $ 3,113.00 in a research note on Wednesday, April 27th. One analyst has rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $ 3,297.86.
Alphabet Company Profile: (Get Rating)
Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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