United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 95,025 Shares of Alphabet Inc. (NASDAQ:GOOGL)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,091,364 shares of the information services provider’s stock after selling 95,025 shares during the period. Alphabet accounts for 7.7% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 2nd biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Alphabet were worth $152,453,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC raised its stake in Alphabet by 5.6% during the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after buying an additional 12,070,681 shares during the last quarter. International Assets Investment Management LLC raised its stake in Alphabet by 4,894.1% during the fourth quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after buying an additional 5,336,359 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in Alphabet during the third quarter worth $634,465,000. Ontario Teachers Pension Plan Board bought a new position in Alphabet during the third quarter worth $601,545,000. Finally, Lone Pine Capital LLC bought a new position in Alphabet during the third quarter worth $407,367,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 251,339 shares of company stock worth $36,377,482. Corporate insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $156.00 on Friday. Alphabet Inc. has a one year low of $102.63 and a one year high of $160.22. The business has a fifty day moving average price of $147.22 and a 200-day moving average price of $141.16. 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 firm has a market capitalization of $1.94 trillion, a P/E ratio of 26.90, a PEG ratio of 1.46 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same period last year, the company earned $1.05 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GOOGL. Truist Financial lifted their price target on shares of Alphabet from $158.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. KeyCorp lifted their price target on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group lifted their price target on shares of Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Wells Fargo & Company decreased their price target on shares of Alphabet from $144.00 to $141.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 3rd. Finally, Redburn Atlantic lifted their price target on shares of Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.71.

Alphabet Profile

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.