New York State Common Retirement Fund decreased its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 915,712 shares of the information services provider’s stock after selling 13,584 shares during the quarter. Alphabet makes up 1.4% of New York State Common Retirement Fund’s holdings, making the stock its 5th biggest position. New York State Common Retirement Fund owned about 0.13% of Alphabet worth $948,321,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in GOOG. Ayalon Holdings Ltd. bought a new position in Alphabet during the 4th quarter worth $32,000. 1 North Wealth Services LLC bought a new position in Alphabet during the 4th quarter worth $34,000. TD Capital Management LLC increased its position in Alphabet by 38.5% during the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after buying an additional 10 shares during the period. First PREMIER Bank increased its position in Alphabet by 80.0% during the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after buying an additional 16 shares during the period. Finally, CX Institutional increased its position in Alphabet by 471.4% during the 4th quarter. CX Institutional now owns 40 shares of the information services provider’s stock worth $41,000 after buying an additional 33 shares during the period. 33.95% of the stock is owned by institutional investors and hedge funds.
Shares of GOOG stock traded down $6.55 during mid-day trading on Wednesday, reaching $1,079.80. 1,612,504 shares of the stock traded hands, compared to its average volume of 1,507,274. The business has a fifty day moving average price of $1,114.96. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,289.27. The stock has a market capitalization of $749.64 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The firm had revenue of $36.34 billion for the quarter, compared to analyst estimates of $37.36 billion. During the same period last year, the firm posted $9.93 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities research analysts expect that Alphabet Inc will post 48.44 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Zacks Investment Research cut Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Pivotal Research assumed coverage on Alphabet in a research report on Wednesday, May 29th. They issued a “hold” rating on the stock. BidaskClub cut Alphabet from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Finally, Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,361.50.
In related news, major shareholder Capitalg Lp acquired 140,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were bought at an average cost of $34.00 per share, with a total value of $4,760,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amie Thuener O’toole sold 89 shares of Alphabet stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the completion of the transaction, the vice president now directly owns 388 shares in the company, valued at $463,784.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 423 shares of company stock worth $494,939. 12.99% of the stock is owned by insiders.
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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