ACT II Management LP Holds Position in Alphabet Inc (GOOG)

ACT II Management LP held its stake in shares of Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, Holdings Channel reports. The firm owned 19,870 shares of the company’s stock at the end of the fourth quarter. Alphabet makes up approximately 11.1% of ACT II Management LP’s holdings, making the stock its largest position. ACT II Management LP’s holdings in Alphabet were worth $15,336,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Simplex Trading LLC purchased a new stake in shares of Alphabet during the third quarter worth approximately $10,291,000. Catawba Capital Management VA purchased a new stake in shares of Alphabet during the third quarter worth approximately $221,000. Pure Financial Advisors Inc. purchased a new stake in shares of Alphabet during the third quarter worth approximately $205,000. Woodstock Corp boosted its stake in shares of Alphabet by 0.4% in the third quarter. Woodstock Corp now owns 9,916 shares of the company’s stock worth $7,708,000 after buying an additional 37 shares during the period. Finally, Independence Advisors LLC boosted its stake in shares of Alphabet by 6.3% in the third quarter. Independence Advisors LLC now owns 670 shares of the company’s stock worth $521,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 34.74% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc (NASDAQ:GOOG) opened at 848.40 on Tuesday. Alphabet Inc has a 52 week low of $663.28 and a 52 week high of $853.40. The firm has a 50 day moving average price of $824.43 and a 200 day moving average price of $793.16. The company has a market capitalization of $586.60 billion, a price-to-earnings ratio of 30.43 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the consensus estimate of $9.67 by $0.31. The company earned $26.04 billion during the quarter, compared to analysts’ expectations of $25.18 billion. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.67 EPS. Equities analysts forecast that Alphabet Inc will post $33.36 EPS for the current year.

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A number of brokerages have commented on GOOG. Needham & Company LLC raised their price objective on Alphabet from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $891.70 target price on the stock in a research report on Monday. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $1,000.00 target price on shares of Alphabet in a research report on Tuesday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Alphabet in a research report on Monday, March 6th. Finally, Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $960.20.

In related news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $797.70, for a total value of $3,190,800.00. Following the sale, the chief executive officer now owns 2,563 shares in the company, valued at approximately $2,044,505.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 44 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $792.27, for a total value of $34,859.88. Following the completion of the sale, the director now owns 1,656 shares in the company, valued at approximately $1,311,999.12. The disclosure for this sale can be found here. Insiders sold a total of 552,574 shares of company stock worth $444,500,642 in the last 90 days. 13.92% of the stock is currently owned by company insiders.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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