Ctc LLC Has $122.37 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Ctc LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 38.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,812 shares of the information services provider’s stock after selling 27,824 shares during the quarter. Alphabet makes up about 0.1% of Ctc LLC’s investment portfolio, making the stock its 6th largest position. Ctc LLC’s holdings in Alphabet were worth $122,366,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in Alphabet in the fourth quarter valued at about $2,249,092,000. TD Asset Management Inc. increased its holdings in Alphabet by 62.0% in the fourth quarter. TD Asset Management Inc. now owns 890,592 shares of the information services provider’s stock valued at $2,577,008,000 after purchasing an additional 340,733 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in Alphabet by 20,160.8% in the fourth quarter. SkyView Investment Advisors LLC now owns 240,901 shares of the information services provider’s stock valued at $3,848,000 after purchasing an additional 239,712 shares during the last quarter. BlackRock Inc. grew its stake in Alphabet by 1.1% in the fourth quarter. BlackRock Inc. now owns 19,196,177 shares of the information services provider’s stock valued at $55,545,866,000 after acquiring an additional 205,225 shares during the period. Finally, ProShare Advisors LLC grew its stake in Alphabet by 42.4% in the fourth quarter. ProShare Advisors LLC now owns 392,971 shares of the information services provider’s stock valued at $1,137,097,000 after acquiring an additional 116,996 shares during the period. Institutional investors own 31.20% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 31 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $2,280.98, for a total value of $70,710.38. Following the transaction, the director now owns 265 shares of the company’s stock, valued at $604,459.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John Kent Walker sold 34,799 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total value of $4,114,981.75. Following the completion of the transaction, the insider now directly owns 18,484 shares in the company, valued at $2,185,733. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 31 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total transaction of $70,710.38. Following the completion of the transaction, the director now owns 265 shares of the company’s stock, valued at $604,459.70. The disclosure for this sale can be found here. Insiders have sold 42,383 shares of company stock valued at $15,761,666 in the last 90 days. 12.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on GOOG shares. Susquehanna reduced their price objective on Alphabet from $187.00 to $150.00 in a research report on Wednesday, July 27th. Guggenheim dropped their target price on Alphabet to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Canaccord Genuity Group dropped their target price on Alphabet from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Citigroup dropped their price objective on Alphabet from $158.75 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. set a $140.00 price objective on Alphabet in a research note on Thursday, July 21st. One analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.40.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $118.22 on Friday. Alphabet Inc. has a twelve month low of $102.21 and a twelve month high of $152.10. The stock’s 50 day moving average price is $156.19 and its 200-day moving average price is $138.46. The company has a market capitalization of $1.56 trillion, a PE ratio of 21.99, a PEG ratio of 1.92 and a beta of 1.07. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $26.24 by ($25.03). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the firm posted $27.26 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 5.22 EPS for the current year.

Alphabet Company Profile

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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:GOOG)

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