FOURPOINTS Investment Managers S.A.S. maintained its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,327 shares of the information services provider’s stock at the end of the first quarter. Alphabet accounts for approximately 3.7% of FOURPOINTS Investment Managers S.A.S.’s portfolio, making the stock its 3rd largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in Alphabet were worth $3,590,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of GOOG. Dodge & Cox bought a new position in shares of Alphabet during the fourth quarter worth $2,387,502,000. Norges Bank bought a new position in shares of Alphabet during the fourth quarter worth $2,128,163,000. Putnam Investments LLC raised its position in shares of Alphabet by 50.3% in the fourth quarter. Putnam Investments LLC now owns 1,094,771 shares of the information services provider’s stock worth $844,967,000 after buying an additional 366,456 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Alphabet during the fourth quarter worth $249,975,000. Finally, Bank of Montreal Can raised its position in shares of Alphabet by 12.0% in the first quarter. Bank of Montreal Can now owns 1,692,542 shares of the information services provider’s stock worth $1,404,065,000 after buying an additional 181,085 shares during the last quarter. Institutional investors own 34.54% of the company’s stock.
Alphabet Inc. (NASDAQ GOOG) traded up 0.82% during mid-day trading on Friday, reaching $914.64. 422,026 shares of the company’s stock were exchanged. The stock has a market cap of $633.73 billion, a price-to-earnings ratio of 33.15 and a beta of 0.94. The stock has a 50-day moving average of $937.88 and a 200-day moving average of $888.43. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. The business had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.42 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.
GOOG has been the topic of a number of research reports. Barclays PLC reaffirmed an “overweight” rating on shares of Alphabet in a research note on Monday, April 17th. Macquarie reaffirmed a “buy” rating and issued a $975.00 price target on shares of Alphabet in a research note on Tuesday, April 18th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Wednesday, April 19th. Pacific Crest reaffirmed an “overweight” rating and issued a $1,040.00 price target on shares of Alphabet in a research note on Sunday, April 23rd. Finally, Nomura reaffirmed a “buy” rating and issued a $925.00 price target on shares of Alphabet in a research note on Monday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,026.22.
In related news, Director Ann Mather sold 629 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total transaction of $586,404.12. Following the completion of the sale, the director now owns 1,781 shares in the company, valued at $1,660,390.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $981.45, for a total value of $3,925,800.00. Following the sale, the chief executive officer now owns 2,058 shares of the company’s stock, valued at approximately $2,019,824.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,968 shares of company stock valued at $42,387,042. Company insiders own 13.92% of the company’s stock.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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