Securian Asset Management Inc. Has $43.79 Million Stake in Alphabet Inc. (NASDAQ:GOOG)


Securian Asset Management Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,848.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,460 shares of the information services provider’s stock after buying an additional 432,083 shares during the period. Alphabet accounts for about 1.3% of Securian Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Securian Asset Management Inc.’s holdings in Alphabet were worth $43,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GOOG. DC Investments Management LLC bought a new stake in Alphabet in the first quarter valued at approximately $115,000. Guardian Wealth Management Inc. bought a new stake in Alphabet in the first quarter valued at approximately $184,000. Turim 21 Investimentos Ltda. increased its stake in Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares in the last quarter. OneAscent Financial Services LLC bought a new stake in Alphabet in the second quarter valued at approximately $203,000. Finally, Aspireon Wealth Advisors bought a new stake in Alphabet in the second quarter valued at approximately $212,000. 28.69% of the stock is owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $99.28 on Friday. The firm has a 50-day moving average of $93.52 and a 200-day moving average of $102.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The stock has a market cap of $1.28 trillion, a PE ratio of 19.72, a P/E/G ratio of 1.63 and a beta of 1.08. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $152.10.

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

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 21st. Raymond James lowered their price objective on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Piper Sandler lowered their price objective on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Cowen lowered their price objective on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Sanford C. Bernstein set a $120.00 price objective on shares of Alphabet in a research report on Thursday, January 12th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

Alphabet Profile

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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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