Alphabet Inc. (NASDAQ:GOOG) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 272,181 shares of the information services provider’s stock after selling 2,890 shares during the quarter. Alphabet accounts for about 1.7% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings, making the stock its 24th biggest holding. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Alphabet were worth $52,447,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SkyView Investment Advisors LLC raised its holdings in Alphabet by 11.4% in the second quarter. SkyView Investment Advisors LLC now owns 16,281 shares of the information services provider’s stock valued at $2,986,000 after acquiring an additional 1,660 shares in the last quarter. Copperwynd Financial LLC raised its holdings in shares of Alphabet by 7.4% in the 2nd quarter. Copperwynd Financial LLC now owns 7,200 shares of the information services provider’s stock valued at $1,247,000 after purchasing an additional 499 shares in the last quarter. Magnolia Capital Advisors LLC lifted its position in shares of Alphabet by 8.6% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 11,195 shares of the information services provider’s stock worth $2,053,000 after purchasing an additional 884 shares during the last quarter. Nemes Rush Group LLC grew its stake in shares of Alphabet by 2.3% during the second quarter. Nemes Rush Group LLC now owns 12,999 shares of the information services provider’s stock worth $2,384,000 after purchasing an additional 289 shares in the last quarter. Finally, Silver Lake Advisory LLC acquired a new stake in Alphabet in the second quarter valued at $2,153,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 1.2 %

Shares of NASDAQ:GOOG opened at $201.90 on Monday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $187.95 and its 200-day simple moving average is $175.21. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their price objective on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citigroup lifted their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $205.13.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now directly owns 43,981 shares of the company’s stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the sale, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,387 shares of company stock worth $24,368,654. 12.99% of the stock is owned by corporate insiders.

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.