Alphabet Inc (NASDAQ:GOOG) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its holdings in Alphabet Inc (NASDAQ:GOOG) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,187 shares of the information services provider’s stock after selling 623 shares during the quarter. Alphabet comprises about 1.1% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s portfolio, making the stock its 14th biggest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Alphabet were worth $63,976,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GOOG. Oregon Public Employees Retirement Fund boosted its position in shares of Alphabet by 102,010.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after purchasing an additional 56,169,241 shares in the last quarter. Lunia Capital LP boosted its position in shares of Alphabet by 135,522.5% in the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after purchasing an additional 16,857,647 shares in the last quarter. Investec Asset Management LTD lifted its position in Alphabet by 2,660.9% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock worth $19,478,000 after acquiring an additional 625,018 shares during the period. PenderFund Capital Management Ltd. lifted its position in Alphabet by 127,265.7% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock worth $4,906,000 after acquiring an additional 445,430 shares during the period. Finally, Nordea Investment Management AB lifted its position in Alphabet by 129.3% during the 4th quarter. Nordea Investment Management AB now owns 723,309 shares of the information services provider’s stock worth $755,828,000 after acquiring an additional 407,812 shares during the period. 34.00% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ GOOG traded down $1.36 during trading on Tuesday, reaching $1,167.53. 68,024 shares of the company traded hands, compared to its average volume of 1,451,508. The firm’s fifty day simple moving average is $1,172.41 and its 200 day simple moving average is $1,156.53. The stock has a market cap of $798.30 billion, a P/E ratio of 24.56, a PEG ratio of 1.26 and a beta of 0.96. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,289.27. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. The business had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company’s revenue was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $11.75 EPS. As a group, research analysts expect that Alphabet Inc will post 52.1 EPS for the current year.

In related news, VP Amie Thuener O’toole sold 69 shares of Alphabet stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $1,100.52, for a total value of $75,935.88. Following the completion of the transaction, the vice president now owns 388 shares in the company, valued at approximately $427,001.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Capitalg Lp purchased 140,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average price of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 2,123 shares of company stock valued at $2,553,758 in the last quarter. Company insiders own 12.99% of the company’s stock.

A number of analysts have commented on GOOG shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Stifel Nicolaus cut Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a research report on Tuesday, April 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, July 23rd. Finally, Oppenheimer lifted their price target on Alphabet from $1,342.00 to $1,370.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,378.93.

Alphabet Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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