Alphabet Inc. (NASDAQ:GOOG) Holdings Boosted by New Jersey Better Educational Savings Trust


New Jersey Better Educational Savings Trust increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,720 shares of the information services provider’s stock after acquiring an additional 8,284 shares during the quarter. Alphabet makes up 2.8% of New Jersey Better Educational Savings Trust’s investment portfolio, making the stock its 4th largest position. New Jersey Better Educational Savings Trust’s holdings in Alphabet were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. Totem Point Management LLC grew its position in Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after acquiring an additional 571 shares during the last quarter. Somerville Kurt F grew its position in shares of Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares during the last quarter. BCK Partners Inc. bought a new stake in shares of Alphabet in the 1st quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. grew its position in shares of Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after buying an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. grew its position in shares of Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors.

Alphabet Stock Up 1.9 %

GOOG stock opened at $101.21 on Tuesday. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10. The business has a fifty day moving average price of $93.62 and a 200-day moving average price of $102.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The stock has a market capitalization of $1.31 trillion, a P/E ratio of 20.10, a P/E/G ratio of 1.74 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares in the company, valued at $2,289,870.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 360 shares of Alphabet stock in a transaction on Friday, November 25th. The stock was sold at an average price of $98.48, for a total value of $35,452.80. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 661,702 shares of company stock worth $23,399,217 and sold 190,464 shares worth $8,535,735. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GOOG. Cowen cut their price objective on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Societe Generale cut their price objective on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Jefferies Financial Group set a $125.00 price objective on Alphabet in a research report on Monday, January 9th. JPMorgan Chase & Co. set a $115.00 price target on Alphabet in a research report on Wednesday, October 26th. Finally, Cowen dropped their price target on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $140.56.

About Alphabet

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)



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