AEGON ASSET MANAGEMENT UK Plc Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

AEGON ASSET MANAGEMENT UK Plc grew its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 27,668 shares of the information services provider’s stock after acquiring an additional 115 shares during the period. Alphabet comprises 1.1% of AEGON ASSET MANAGEMENT UK Plc’s investment portfolio, making the stock its 26th biggest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Alphabet were worth $60,297,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. Arden Trust Co purchased a new stake in Alphabet during the 2nd quarter worth approximately $263,000. Rothschild Investment Corp IL increased its stake in Alphabet by 4.2% during the 2nd quarter. Rothschild Investment Corp IL now owns 7,797 shares of the information services provider’s stock worth $16,992,000 after buying an additional 312 shares during the period. Country Trust Bank increased its stake in Alphabet by 17.2% during the 2nd quarter. Country Trust Bank now owns 18,563 shares of the information services provider’s stock worth $40,454,000 after buying an additional 2,724 shares during the period. 626 Financial LLC increased its stake in Alphabet by 0.6% during the 2nd quarter. 626 Financial LLC now owns 1,216 shares of the information services provider’s stock worth $2,649,000 after buying an additional 7 shares during the period. Finally, Bridges Investment Management Inc. increased its stake in Alphabet by 2.2% during the 2nd quarter. Bridges Investment Management Inc. now owns 41,085 shares of the information services provider’s stock worth $89,534,000 after buying an additional 865 shares during the period. 1.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at approximately $1,346,575.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now directly owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the sale, the chief accounting officer now directly owns 1,192 shares in the company, valued at $2,582,754.08. The disclosure for this sale can be found here. In the last three months, insiders sold 44,536 shares of company stock worth $15,729,998. 11.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GOOGL shares. JMP Securities cut their target price on shares of Alphabet from $165.00 to $160.00 and set a “market outperform” rating on the stock in a research note on Thursday, June 30th. Moffett Nathanson dropped their price objective on shares of Alphabet to $132.50 in a research report on Thursday, May 26th. Monness Crespi & Hardt dropped their price objective on shares of Alphabet to $145.00 in a research report on Tuesday, July 5th. Jefferies Financial Group dropped their price objective on shares of Alphabet from $155.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Alphabet from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 29th. Five equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.41.

Alphabet Stock Performance

Shares of GOOGL opened at $99.28 on Thursday. The company has a 50-day simple moving average of $112.02 and a 200-day simple moving average of $118.04. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.30 trillion, a PE ratio of 18.47, a P/E/G ratio of 1.67 and a beta of 1.09. Alphabet Inc. has a 52-week low of $99.27 and a 52-week high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.06). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. The business had revenue of $57.47 billion for the quarter, compared to analysts’ expectations of $57.55 billion. During the same quarter last year, the business posted $27.26 earnings per share. Equities research analysts predict that Alphabet Inc. will post 5.21 earnings per share for the current fiscal year.

About Alphabet

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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