Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Optiver Holding B.V.

Optiver Holding B.V. cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 97.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 392,315 shares of the information services provider’s stock after selling 14,220,037 shares during the quarter. Alphabet accounts for approximately 0.0% of Optiver Holding B.V.’s holdings, making the stock its 16th largest position. Optiver Holding B.V.’s holdings in Alphabet were worth $34,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares in the last quarter. State Street Corp increased its position in Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Alphabet by 1,955.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after purchasing an additional 58,159,150 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Alphabet by 1,896.9% during the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after purchasing an additional 55,153,448 shares during the last quarter. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $125.00, for a total transaction of $100,000.00. Following the transaction, the director now owns 5,940 shares of the company’s stock, valued at approximately $742,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $125.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 5,940 shares in the company, valued at approximately $742,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the transaction, the insider now owns 10,958,925 shares of the company’s stock, valued at approximately $139,397,526. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. 0.88% of the stock is owned by corporate insiders.

Alphabet Stock Up 2.1 %

GOOGL stock opened at $123.48 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $126.43. The firm’s 50-day simple moving average is $108.64 and its 200 day simple moving average is $99.13. The stock has a market cap of $1.57 trillion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. During the same quarter last year, the company earned $1.23 EPS. As a group, sell-side analysts predict that Alphabet Inc. will post 5.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Alphabet from $125.00 to $128.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price objective on shares of Alphabet in a research report on Monday, April 3rd. Raymond James increased their price objective on shares of Alphabet from $119.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. KeyCorp dropped their price objective on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, January 30th. Finally, Wells Fargo & Company increased their price objective on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Four research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.56.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.