Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 10,618 Shares of Alphabet Inc. (GOOG)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,698 shares of the information services provider’s stock after purchasing an additional 10,618 shares during the period. Alphabet makes up 1.4% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 8th biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Alphabet were worth $66,972,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GOOG. Airain ltd bought a new stake in Alphabet in the 2nd quarter valued at approximately $8,161,000. Willingdon Wealth Management lifted its stake in Alphabet by 5.2% in the 2nd quarter. Willingdon Wealth Management now owns 2,662 shares of the information services provider’s stock valued at $2,419,000 after acquiring an additional 131 shares in the last quarter. Markston International LLC lifted its stake in Alphabet by 1.4% in the 2nd quarter. Markston International LLC now owns 26,068 shares of the information services provider’s stock valued at $23,689,000 after acquiring an additional 365 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Alphabet by 8.6% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 380 shares of the information services provider’s stock valued at $345,000 after acquiring an additional 30 shares in the last quarter. Finally, Boys Arnold & Co. Inc. lifted its stake in Alphabet by 0.6% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 3,240 shares of the information services provider’s stock valued at $2,944,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 34.43% of the company’s stock.

Alphabet Inc. (GOOG) opened at $1,040.61 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market capitalization of $719,786.06, a P/E ratio of 34.68 and a beta of 0.95. Alphabet Inc. has a 1-year low of $737.02 and a 1-year high of $1,048.39.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $9.06 EPS.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total value of $3,725,760.00. Following the transaction, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the transaction, the director now directly owns 3,485 shares in the company, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders have sold a total of 38,394 shares of company stock worth $37,937,930 over the last three months. 13.92% of the stock is owned by insiders.

Several equities research analysts have commented on GOOG shares. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group Inc restated a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. Finally, Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 target price on the stock. in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have assigned a buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,047.52.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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