Tokio Marine Asset Management Co. Ltd. Lowers Stake in Alphabet Inc (GOOGL)

Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Alphabet Inc (NASDAQ:GOOGL) by 7.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,247 shares of the information services provider’s stock after selling 856 shares during the period. Alphabet makes up approximately 1.5% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 11th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Alphabet were worth $9,978,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOGL. Vanguard Group Inc. increased its holdings in Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after buying an additional 662,279 shares in the last quarter. BlackRock Inc. increased its holdings in Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after buying an additional 567,337 shares in the last quarter. FMR LLC increased its holdings in Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after buying an additional 367,634 shares in the last quarter. State Street Corp increased its holdings in Alphabet by 1.2% in the first quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after buying an additional 142,214 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in Alphabet by 2.4% in the second quarter. Capital Research Global Investors now owns 4,308,195 shares of the information services provider’s stock valued at $4,005,243,000 after buying an additional 102,133 shares in the last quarter. Institutional investors and hedge funds own 33.55% of the company’s stock.

Alphabet Inc (NASDAQ GOOGL) opened at $1,110.29 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $778,810.00, a price-to-earnings ratio of 36.99, a P/E/G ratio of 1.43 and a beta of 0.90. Alphabet Inc has a 52-week low of $811.50 and a 52-week high of $1,113.58.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.14. The firm had revenue of $22.27 billion for the quarter, compared to the consensus estimate of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period last year, the firm posted $9.06 EPS. research analysts predict that Alphabet Inc will post 32.34 earnings per share for the current fiscal year.

A number of analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $1,150.00 target price (up previously from $1,075.00) on shares of Alphabet in a research note on Tuesday, October 24th. Cantor Fitzgerald reissued a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $1,027.27 target price for the company in a research note on Monday, November 6th. B. Riley reissued a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research note on Monday, September 25th. Finally, Barclays reissued a “buy” rating and set a $1,260.00 target price on shares of Alphabet in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,096.47.

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Alphabet Company Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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