B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Alphabet Inc (NASDAQ:GOOG) in the fourth quarter, Holdings Channel reports. The firm acquired 1,559 shares of the information services provider’s stock, valued at approximately $1,861,000.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Investment Services of America Inc. boosted its position in Alphabet by 1.5% during the fourth quarter. Capital Investment Services of America Inc. now owns 12,066 shares of the information services provider’s stock worth $12,496,000 after purchasing an additional 174 shares during the period. USS Investment Management Ltd boosted its position in shares of Alphabet by 13.8% in the fourth quarter. USS Investment Management Ltd now owns 263,372 shares of the information services provider’s stock valued at $273,162,000 after acquiring an additional 32,000 shares during the period. Suncoast Equity Management boosted its position in shares of Alphabet by 1.0% in the fourth quarter. Suncoast Equity Management now owns 15,662 shares of the information services provider’s stock valued at $16,220,000 after acquiring an additional 148 shares during the period. First National Bank of Hutchinson boosted its position in shares of Alphabet by 3.7% in the fourth quarter. First National Bank of Hutchinson now owns 1,232 shares of the information services provider’s stock valued at $1,276,000 after acquiring an additional 44 shares during the period. Finally, Vigilant Capital Management LLC boosted its position in shares of Alphabet by 6.4% in the fourth quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after acquiring an additional 11 shares during the period. 33.99% of the stock is owned by hedge funds and other institutional investors.

GOOG opened at $1,085.35 on Friday. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The stock has a market cap of $753.49 billion, a P/E ratio of 22.84, a PEG ratio of 1.28 and a beta of 1.03.

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

GOOG has been the subject of a number of recent research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Deutsche Bank reduced their target price on shares of Alphabet from $1,385.00 to $1,300.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, April 29th. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 target price for the company in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,361.50.

In other Alphabet news, Director John L. Hennessy sold 75 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $1,280.51, for a total transaction of $96,038.25. Following the completion of the transaction, the director now owns 159 shares of the company’s stock, valued at $203,601.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $463,784.16. The disclosure for this sale can be found here. Insiders have sold 423 shares of company stock valued at $494,939 in the last ninety days. 13.11% of the stock is currently owned by company insiders.

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Alphabet 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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