Privium Fund Management UK Ltd decreased its holdings in shares of Alphabet Inc. (NASDAQ: GOOGL – Get Rating) by 88.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400 shares of the information services provider’s stock after selling 3,120 shares during the quarter. Privium Fund Management UK Ltd’s holdings in Alphabet were worth $ 1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. State Street Corp increased its holdings in shares of Alphabet by 1.4% in the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock worth $ 32,599,789,000 after purchasing an additional 157,280 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 worth $ 15,381,257,000 after purchasing an additional 116,084 shares during the period. Norges Bank bought a new position in shares of Alphabet in the fourth quarter worth $ 14,477,662,000. Morgan Stanley increased its holdings in shares of Alphabet by 1.2% in the second quarter. Morgan Stanley now owns 3,216,517 shares of the information services provider’s stock worth $ 7,854,059,000 after purchasing an additional 39,437 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of 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 worth $ 8,186,916,000 after purchasing an additional 20,120 shares during the period. 41.70% of the stock is currently owned by institutional investors and hedge funds.
In other Alphabet news, major shareholder 2021 Gp LLC Gv bought 255,647 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was acquired at an average price of $ 34.65 per share, with a total value of $ 8,858,168.55. Following the completion of the purchase, the insider now owns 479,695 shares of the company stock, valued at $ 16,621,431.75. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2016 Gp LLC Gv sold 544,249 shares of the stock in a transaction that occurred on Monday, April 11th. The shares were 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. Insiders have sold 550,357 shares of company stock valued at $ 21,855,978 in the last ninety days. Insiders own 11.44% of the company stock.
GOOGL stock opened at $ 2,142.87 on Friday. Alphabet Inc. has a 1 year low of $ 2,037.69 and a 1 year high of $ 3,030.93. 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. The firm has a 50-day moving average of $ 2,322.95 and a 200 day moving average of $ 2,610.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.
Alphabet shares are scheduled to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly minted shares will be payable to shareholders after the closing bell on Friday, July 15th.
Alphabet (NASDAQ: GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The information services provider reported $ 24.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $ 25.70 by ($ 1.08). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. The company had revenue of $ 56.02 billion during the quarter, compared to the estimate consensus of $ 56.17 billion. During the same period in the previous year, the company earned $ 26.29 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 111.86 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the stock. MKM Partners cut their target price on shares of Alphabet from $ 3,375.00 to $ 3,300.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Evercore ISI cut their target price on shares of Alphabet from $ 3,500.00 to $ 3,300.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. Citigroup cut their target price on shares of Alphabet from $ 3,500.00 to $ 3,175.00 in a research report on Wednesday, April 27th. Moffett Nathanson cut their target price on shares of Alphabet to $ 2,650.00 in a research report on Thursday, May 26th. Finally, Guggenheim cut their target price on shares of Alphabet from $ 3,350.00 to $ 3,000.00 in a research report on Wednesday, April 27th. One research analyst has rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 3,297.86.
About Alphabet: (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.
Further Reading:
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ: GOOGL – Get Rating).
Receive News & Ratings for Alphabet Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alphabet and related companies with MarketBeat.com’s FREE daily email newsletter.
.