Ardevora Asset Management LLP cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 49.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 162,829 shares of the information services provider’s stock after selling 161,638 shares during the period. Alphabet makes up about 2.0% of Ardevora Asset Management LLP’s portfolio, making the stock its 7th largest holding. Ardevora Asset Management LLP’s holdings in Alphabet were worth $22,947,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Alphabet by 3.8% during the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock valued at $15,852,868,000 after acquiring an additional 4,348,188 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Alphabet by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after purchasing an additional 9,703,425 shares during the last quarter. Northern Trust Corp grew its stake in Alphabet by 2.3% in the third quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider’s stock valued at $7,550,942,000 after purchasing an additional 1,275,060 shares in the last quarter. Sanders Capital LLC grew its stake in Alphabet by 0.3% in the third quarter. Sanders Capital LLC now owns 27,744,572 shares of the information services provider’s stock valued at $3,658,122,000 after purchasing an additional 92,741 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Alphabet by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 19,822,203 shares of the information services provider’s stock worth $2,613,557,000 after purchasing an additional 390,118 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.
Insider Activity
In related news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 251,339 shares of company stock valued at $36,377,482. 12.99% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on GOOG
Alphabet Trading Up 1.2 %
NASDAQ:GOOG opened at $159.92 on Wednesday. The company’s 50 day moving average is $147.92 and its 200-day moving average is $142.27. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.46 and a beta of 1.05.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. Alphabet’s revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.
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.
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