Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by DekaBank Deutsche Girozentrale


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DekaBank Deutsche Girozentrale boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,981 shares of the information services provider’s stock after acquiring an additional 2,934 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alphabet were worth $133,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new stake in Alphabet in the 1st quarter valued at approximately $27,000. Resolute Partners Group bought a new position in Alphabet during the 4th quarter valued at $26,000. Brand Asset Management Group Inc. boosted its stake in Alphabet by 200.0% during the 1st quarter. Brand Asset Management Group Inc. now owns 15 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 10 shares in the last quarter. ADE LLC bought a new position in Alphabet during the 4th quarter valued at $32,000. Finally, Carolina Wealth Advisors LLC boosted its stake in Alphabet by 50.0% during the 1st quarter. Carolina Wealth Advisors LLC now owns 18 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 31.94% of the company’s stock.

GOOG stock opened at $2,395.17 on Tuesday. Alphabet Inc. has a twelve month low of $1,299.00 and a twelve month high of $2,452.38. The company has a market cap of $1.61 trillion, a PE ratio of 46.28, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. The business’s 50-day simple moving average is $2,201.27 and its 200 day simple moving average is $1,928.06. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, April 26th. The information services provider reported $26.29 earnings per share for the quarter, topping analysts’ consensus estimates of $15.74 by $10.55. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The business had revenue of $55.30 billion for the quarter, compared to the consensus estimate of $51.40 billion. During the same period last year, the business earned $9.87 earnings per share. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities research analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current year.

GOOG has been the subject of several research reports. Cowen raised their price objective on Alphabet from $2,600.00 to $2,700.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “strong-buy” rating and set a $2,794.00 price objective for the company in a report on Friday. Piper Sandler increased their price objective on Alphabet from $2,250.00 to $2,635.00 and gave the stock an “overweight” rating in a report on Tuesday. Credit Suisse Group raised their target price on Alphabet from $2,500.00 to $2,755.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity raised their target price on Alphabet from $2,400.00 to $2,600.00 and gave the company a “buy” rating in a report on Monday, April 26th. One equities research analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $2,495.63.

In other Alphabet news, SVP Philipp Schindler sold 1,385 shares of Alphabet stock in a transaction that occurred on Monday, March 1st. The stock was sold at an average price of $2,056.52, for a total transaction of $2,848,280.20. Following the sale, the senior vice president now directly owns 1,200 shares of the company’s stock, valued at $2,467,824. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 27 shares of Alphabet stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $2,402.16, for a total value of $64,858.32. Following the sale, the director now directly owns 462 shares in the company, valued at $1,109,797.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,131 shares of company stock worth $43,393,845. 12.99% of the stock is owned by company insiders.

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. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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