Alphabet Inc. (NASDAQ:GOOG) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,466 shares of the information services provider’s stock after acquiring an additional 20,954 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Alphabet were worth $18,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Caliber Wealth Management LLC grew its position in Alphabet by 2.6% in the 3rd quarter. Caliber Wealth Management LLC now owns 22,036 shares of the information services provider’s stock valued at $2,905,000 after acquiring an additional 551 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Alphabet by 0.8% in the third quarter. Venture Visionary Partners LLC now owns 75,729 shares of the information services provider’s stock valued at $9,985,000 after purchasing an additional 598 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Alphabet by 7.2% during the 3rd quarter. Global Retirement Partners LLC now owns 50,542 shares of the information services provider’s stock worth $6,887,000 after buying an additional 3,374 shares in the last quarter. CGN Advisors LLC boosted its position in Alphabet by 56.5% in the 3rd quarter. CGN Advisors LLC now owns 6,299 shares of the information services provider’s stock valued at $831,000 after buying an additional 2,275 shares during the period. Finally, CRA Financial Services LLC grew its stake in shares of Alphabet by 0.5% in the third quarter. CRA Financial Services LLC now owns 27,740 shares of the information services provider’s stock worth $3,658,000 after acquiring an additional 130 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.4 %

NASDAQ GOOG opened at $157.95 on Tuesday. The firm’s fifty day moving average price is $147.65 and its 200 day moving average price is $142.12. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $85.28 billion. During the same quarter last year, the company posted $1.05 earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Raymond James lifted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Stifel Nicolaus lifted their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $159.86.

About Alphabet

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.