ACT II Management LP Holds Position in Alphabet Inc (GOOG)

ACT II Management LP held its stake in shares of Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,870 shares of the company’s stock at the end of the fourth quarter. Alphabet makes up about 11.1% of ACT II Management LP’s portfolio, making the stock its largest position. ACT II Management LP’s holdings in Alphabet were worth $15,336,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Curbstone Financial Management Corp raised its position in Alphabet by 0.6% in the third quarter. Curbstone Financial Management Corp now owns 3,264 shares of the company’s stock valued at $2,537,000 after buying an additional 20 shares during the last quarter. Indiana Trust & Investment Management CO raised its position in Alphabet by 2.0% in the third quarter. Indiana Trust & Investment Management CO now owns 521 shares of the company’s stock valued at $405,000 after buying an additional 10 shares during the last quarter. Telemus Capital LLC raised its position in Alphabet by 2.7% in the third quarter. Telemus Capital LLC now owns 9,313 shares of the company’s stock valued at $7,239,000 after buying an additional 247 shares during the last quarter. Private Asset Management Inc. raised its position in Alphabet by 1.1% in the third quarter. Private Asset Management Inc. now owns 7,998 shares of the company’s stock valued at $6,217,000 after buying an additional 85 shares during the last quarter. Finally, Stillwater Investment Management LLC raised its position in Alphabet by 1.4% in the third quarter. Stillwater Investment Management LLC now owns 1,424 shares of the company’s stock valued at $1,107,000 after buying an additional 20 shares during the last quarter. 34.74% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc (NASDAQ:GOOG) opened at 848.40 on Tuesday. Alphabet Inc has a 1-year low of $663.28 and a 1-year high of $853.40. The company has a market cap of $586.60 billion, a PE ratio of 30.43 and a beta of 0.94. The firm has a 50-day moving average price of $824.43 and a 200 day moving average price of $793.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $9.67 by $0.31. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $25.18 billion. During the same quarter last year, the business earned $8.67 earnings per share. Alphabet’s revenue was up 22.2% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc will post $33.36 earnings per share for the current year.

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Several equities analysts have recently issued reports on the company. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $891.70 target price for the company in a research report on Monday. Pivotal Research lowered Alphabet from a “buy” rating to a “hold” rating and decreased their target price for the stock from $970.00 to $950.00 in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $1,040.00 target price on shares of Alphabet in a research report on Monday, March 13th. Hilliard Lyons restated a “neutral” rating and set a $865.00 target price on shares of Alphabet in a research report on Saturday, March 11th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $1,000.00 target price (up from $975.00) on shares of Alphabet in a research report on Saturday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $960.20.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $797.70, for a total value of $3,190,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,563 shares in the company, valued at $2,044,505.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lawrence Page sold 66,664 shares of Alphabet stock in a transaction that occurred on Thursday, December 22nd. The stock was sold at an average price of $799.90, for a total value of $53,324,533.60. Following the completion of the sale, the chief executive officer now owns 30,666 shares of the company’s stock, valued at $24,529,733.40. The disclosure for this sale can be found here. Insiders have sold 552,574 shares of company stock valued at $444,500,642 over the last 90 days. 13.92% of the stock is owned by corporate insiders.

Alphabet Company 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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