Alphabet Inc (GOOG) Stake Increased by Nissay Asset Management Corp Japan ADV

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Nissay Asset Management Corp Japan ADV increased its stake in Alphabet Inc (NASDAQ:GOOG) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 48,169 shares of the information services provider’s stock after buying an additional 1,694 shares during the period. Alphabet makes up about 1.5% of Nissay Asset Management Corp Japan ADV’s portfolio, making the stock its 5th biggest position. Nissay Asset Management Corp Japan ADV’s holdings in Alphabet were worth $49,884,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Alphabet by 102,010.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after acquiring an additional 56,169,241 shares during the period. Vanguard Group Inc. lifted its stake in shares of Alphabet by 97.8% in the third quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock worth $51,643,016,000 after acquiring an additional 21,273,995 shares during the period. Trust Asset Management LLC lifted its stake in shares of Alphabet by 86,154.5% in the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after acquiring an additional 20,764,952 shares during the period. BlackRock Inc. lifted its stake in shares of Alphabet by 1.3% in the third quarter. BlackRock Inc. now owns 19,492,447 shares of the information services provider’s stock worth $23,263,651,000 after acquiring an additional 246,674 shares during the period. Finally, FMR LLC lifted its stake in shares of Alphabet by 1.8% in the third quarter. FMR LLC now owns 11,512,271 shares of the information services provider’s stock worth $13,739,550,000 after acquiring an additional 202,765 shares during the period. 33.96% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on GOOG shares. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, April 29th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 price objective on the stock in a research note on Wednesday, April 24th. Wedbush reissued an “outperform” rating on shares of Alphabet in a research note on Thursday, April 25th. Oppenheimer dropped their price target on Alphabet from $1,342.00 to $1,435.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. Finally, Barclays reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have assigned a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,361.50.

In other news, Director John L. Hennessy sold 375 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the completion of the sale, the director now owns 80 shares in the company, valued at $96,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,145.00, for a total value of $101,905.00. Following the sale, the vice president now owns 388 shares of the company’s stock, valued at approximately $444,260. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 817 shares of company stock valued at $974,730. Corporate insiders own 13.11% of the company’s stock.

Shares of GOOG opened at $1,151.42 on Thursday. The company has a market capitalization of $798.12 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.36 and a beta of 1.03. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.51 by $1.39. The firm had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.93 earnings per share. Equities analysts predict that Alphabet Inc will post 48.44 earnings per share for the current year.

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Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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