Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Findlay Park Partners LLP

Findlay Park Partners LLP increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 33.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,228,348 shares of the information services provider’s stock after buying an additional 805,968 shares during the quarter. Alphabet makes up approximately 3.1% of Findlay Park Partners LLP’s holdings, making the stock its 9th biggest holding. Findlay Park Partners LLP’s holdings in Alphabet were worth $286,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Vanguard Group Inc. increased its position in Alphabet by 1,885.5% during the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares in the last quarter. BlackRock Inc. increased its position in Alphabet by 1,857.3% during the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after purchasing an additional 345,962,033 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after purchasing an additional 192,607,045 shares in the last quarter. State Street Corp grew its holdings in Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after buying an additional 186,809,281 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Alphabet by 1,862.3% in the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock valued at $6,075,223,000 after buying an additional 59,964,963 shares during the period. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Insider Activity

In other news, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at $1,017,565. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total transaction of $57,425.55. Following the completion of the sale, the chief accounting officer now directly owns 25,442 shares of the company’s stock, valued at $2,293,596.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,017,565. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 732,217 shares of company stock worth $21,135,371 and sold 665,462 shares worth $29,332,239. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. JPMorgan Chase & Co. set a $118.00 price target on Alphabet in a report on Thursday, February 9th. The Goldman Sachs Group set a $128.00 price target on Alphabet in a research report on Friday, February 3rd. Oppenheimer reduced their price target on Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Sanford C. Bernstein set a $130.00 target price on Alphabet in a research report on Monday, February 6th. Finally, Jefferies Financial Group set a $125.00 target price on Alphabet in a research report on Friday, February 3rd. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $132.80.

Alphabet Price Performance

Shares of GOOG opened at $123.29 on Wednesday. The company has a market cap of $1.57 trillion, a P/E ratio of 27.46, a PEG ratio of 1.57 and a beta of 1.10. The stock has a fifty day moving average price of $108.29 and a 200 day moving average price of $99.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $127.05.

Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. During the same quarter in the prior year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current year.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.