Country Club Trust Company n.a. trimmed its position in Alphabet Inc (NASDAQ:GOOG) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,050 shares of the information services provider’s stock after selling 203 shares during the period. Country Club Trust Company n.a.’s holdings in Alphabet were worth $6,330,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Janus Henderson Group PLC lifted its position in shares of Alphabet by 759.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock valued at $2,911,734,000 after acquiring an additional 2,831,099 shares during the last quarter. Koch Industries Inc. lifted its position in shares of Alphabet by 214,636.6% during the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock valued at $1,160,000 after acquiring an additional 1,161,184 shares during the last quarter. BlackRock Inc. raised its stake in Alphabet by 4.8% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after purchasing an additional 826,480 shares during the period. Capital World Investors raised its stake in Alphabet by 13.9% during the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after purchasing an additional 776,853 shares during the period. Finally, Vanguard Group Inc. raised its stake in Alphabet by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock valued at $18,574,476,000 after purchasing an additional 589,654 shares during the period. Hedge funds and other institutional investors own 34.51% of the company’s stock.
Alphabet Inc (NASDAQ GOOG) opened at $1,160.04 on Friday. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $782,325.69, a price-to-earnings ratio of 35.18 and a beta of 1.04. Alphabet Inc has a 1 year low of $803.37 and a 1 year high of $1,186.89.
Alphabet announced that its board has initiated a share buyback plan on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $1,018.01, for a total transaction of $4,072,040.00. Following the completion of the sale, the chief executive officer now directly owns 967 shares in the company, valued at $984,415.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 238 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $1,162.61, for a total transaction of $276,701.18. The disclosure for this sale can be found here. Insiders have sold 43,019 shares of company stock worth $46,329,334 over the last three months. Company insiders own 13.92% of the company’s stock.
Several analysts have issued reports on the stock. Vetr downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price on the stock. in a research note on Wednesday, January 10th. Morningstar reissued a “neutral” rating on shares of Alphabet in a research note on Friday, January 19th. SunTrust Banks boosted their target price on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Atlantic Securities reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, UBS Group reissued a “buy” rating on shares of Alphabet in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,066.61.
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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.
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