Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Artemis Investment Management LLP


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Artemis Investment Management LLP boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 46.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 187,935 shares of the information services provider’s stock after purchasing an additional 59,427 shares during the period. Alphabet comprises 3.7% of Artemis Investment Management LLP’s holdings, making the stock its largest position. Artemis Investment Management LLP’s holdings in Alphabet were worth $388,497,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Nottingham Advisors Inc. lifted its holdings in Alphabet by 0.5% in the fourth quarter. Nottingham Advisors Inc. now owns 917 shares of the information services provider’s stock valued at $1,606,000 after buying an additional 5 shares during the period. AlphaCore Capital LLC grew its holdings in Alphabet by 4.0% in the 4th quarter. AlphaCore Capital LLC now owns 131 shares of the information services provider’s stock worth $229,000 after acquiring an additional 5 shares during the last quarter. CWS Financial Advisors LLC grew its holdings in Alphabet by 3.2% in the 4th quarter. CWS Financial Advisors LLC now owns 162 shares of the information services provider’s stock worth $284,000 after acquiring an additional 5 shares during the last quarter. Silverleafe Capital Partners LLC grew its holdings in Alphabet by 2.8% in the 1st quarter. Silverleafe Capital Partners LLC now owns 181 shares of the information services provider’s stock worth $374,000 after acquiring an additional 5 shares during the last quarter. Finally, Alliance Wealth Advisors LLC grew its holdings in Alphabet by 2.7% in the 1st quarter. Alliance Wealth Advisors LLC now owns 190 shares of the information services provider’s stock worth $393,000 after acquiring an additional 5 shares during the last quarter. Institutional investors and hedge funds own 31.94% of the company’s stock.

Shares of GOOG stock opened at $2,395.17 on Tuesday. The company has a 50 day moving average price of $2,201.27 and a 200-day moving average price of $1,928.06. Alphabet Inc. has a 52 week low of $1,299.00 and a 52 week high of $2,452.38. The firm has a market capitalization of $1.61 trillion, a PE ratio of 46.28, a P/E/G ratio of 1.66 and a beta of 0.98. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, April 26th. The information services provider reported $26.29 EPS for the quarter, topping analysts’ consensus estimates of $15.74 by $10.55. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The firm had revenue of $55.30 billion during the quarter, compared to analyst estimates of $51.40 billion. During the same period in the previous year, the business posted $9.87 earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 52.19 earnings per share for the current year.

In related news, Director Ann Mather sold 27 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $2,402.16, for a total transaction of $64,858.32. Following the completion of the sale, the director now directly owns 462 shares in the company, valued at $1,109,797.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 30 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $2,152.94, for a total transaction of $64,588.20. Following the sale, the chief accounting officer now owns 966 shares of the company’s stock, valued at $2,079,740.04. The disclosure for this sale can be found here. Insiders sold 20,131 shares of company stock valued at $43,393,845 over the last quarter. Company insiders own 12.99% of the company’s stock.

GOOG has been the subject of several research analyst reports. Wedbush initiated coverage on shares of Alphabet in a research report on Wednesday, April 14th. They issued an “outperform” rating and a $2,953.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 3rd. Mizuho lifted their price target on shares of Alphabet from $2,350.00 to $2,600.00 and gave the company a “buy” rating in a research report on Monday, April 19th. Piper Sandler lifted their price target on shares of Alphabet from $2,250.00 to $2,635.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on shares of Alphabet from $2,050.00 to $2,200.00 and gave the company an “overweight” rating in a research report on Wednesday, February 3rd. One analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $2,495.63.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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