Alphabet Inc. (NASDAQ:GOOG) is MayTech Global Investments LLC’s 5th Largest Position

MayTech Global Investments LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 254,499 shares of the information services provider’s stock after purchasing an additional 39,437 shares during the period. Alphabet comprises approximately 6.1% of MayTech Global Investments LLC’s holdings, making the stock its 5th largest holding. MayTech Global Investments LLC’s holdings in Alphabet were worth $30,787,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DC Investments Management LLC bought a new position in Alphabet in the first quarter worth about $115,000. Guardian Wealth Management Inc. purchased a new position in shares of Alphabet during the 1st quarter worth approximately $184,000. Turim 21 Investimentos Ltda. raised its position in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares in the last quarter. qPULA Trading Management LP purchased a new position in shares of Alphabet in the 1st quarter valued at approximately $279,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Alphabet by 29.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock valued at $321,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 27.13% of the company’s stock.

Alphabet Stock Up 0.3 %

Shares of GOOG traded up $0.39 on Monday, hitting $137.33. 5,690,127 shares of the stock traded hands, compared to its average volume of 25,851,057. Alphabet Inc. has a one year low of $85.57 and a one year high of $142.38. The company has a market capitalization of $1.72 trillion, a PE ratio of 26.07, a P/E/G ratio of 1.53 and a beta of 1.05. The business has a 50 day simple moving average of $134.60 and a 200 day simple moving average of $128.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. The business had revenue of $64.05 billion for the quarter, compared to the consensus estimate of $63.13 billion. As a group, equities analysts forecast that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Oppenheimer reissued an “outperform” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Wedbush began coverage on shares of Alphabet in a research report on Monday, August 21st. They set an “outperform” rating for the company. Susquehanna boosted their price objective on shares of Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Finally, Robert W. Baird raised their target price on shares of Alphabet from $123.00 to $140.00 in a research note on Wednesday, July 26th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $130.69.

Insider Buying and Selling

In other Alphabet news, Director Kavitark Ram Shriram sold 75,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the transaction, the director now owns 104,364 shares in the company, valued at approximately $13,681,076.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, Director Kavitark Ram Shriram sold 75,000 shares of Alphabet stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $131.09, for a total value of $9,831,750.00. Following the completion of the sale, the director now owns 104,364 shares of the company’s stock, valued at approximately $13,681,076.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 250 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $124.36, for a total value of $31,090.00. Following the transaction, the director now directly owns 14,226 shares in the company, valued at $1,769,145.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,576 shares of company stock worth $23,425,367. 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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.