Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,294,943 shares of the information services provider’s stock after selling 553,063 shares during the period. Alphabet makes up 7.2% of Flossbach Von Storch AG’s holdings, making the stock its 2nd largest position. Flossbach Von Storch AG owned 0.09% of Alphabet worth $1,577,791,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. FMR LLC raised its position in shares of Alphabet by 5.6% in the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after acquiring an additional 12,070,681 shares during the period. International Assets Investment Management LLC increased its stake in Alphabet by 4,894.1% in the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after purchasing an additional 5,336,359 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Alphabet in the third quarter worth $634,465,000. Ontario Teachers Pension Plan Board bought a new position in shares of Alphabet during the third quarter worth $601,545,000. Finally, Lone Pine Capital LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at $407,367,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Jefferies Financial Group lifted their price objective on Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday, April 19th. BMO Capital Markets reissued an “outperform” rating and set a $185.00 target price (up from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Mizuho lifted their price target on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, KeyCorp increased their price objective on shares of Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.71.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $156.00 on Friday. The business’s 50 day moving average is $147.22 and its 200-day moving average is $141.16. The firm has a market cap of $1.94 trillion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Alphabet Inc. has a 1-year low of $102.63 and a 1-year high of $160.22. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the previous year, the company earned $1.05 EPS. Equities research analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Ruth Porat sold 48,077 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,339 shares of company stock valued at $36,377,482. 0.88% of the stock is currently owned by corporate insiders.

About Alphabet

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.