Alphabet Inc. (NASDAQ:GOOGL) is Cognios Beta Neutral Large Cap Fund LP’s 3rd Largest Position

Cognios Beta Neutral Large Cap Fund LP lowered its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,020 shares of the information services provider’s stock after selling 80 shares during the period. Alphabet comprises 3.4% of Cognios Beta Neutral Large Cap Fund LP’s investment portfolio, making the stock its 3rd biggest position. Cognios Beta Neutral Large Cap Fund LP’s holdings in Alphabet were worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GOOGL. Bornite Capital Management LP acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $16,688,000. Markel Corp grew its position in Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares during the period. United Bank lifted its stake in shares of Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in shares of Alphabet by 20.4% during the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $133.32, for a total value of $55,994.40. Following the completion of the sale, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $133.32, for a total value of $55,994.40. Following the completion of the sale, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at approximately $3,577,375.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 16,088 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the transaction, the senior vice president now owns 52,440 shares of the company’s stock, valued at approximately $7,294,404. The disclosure for this sale can be found here. Insiders sold a total of 114,674 shares of company stock valued at $16,162,276 in the last ninety days. Company insiders own 0.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GOOGL shares. Susquehanna boosted their price objective on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Redburn Atlantic boosted their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Monness Crespi & Hardt cut Alphabet from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Tigress Financial boosted their price target on Alphabet from $172.00 to $176.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $153.65.

Get Our Latest Stock Analysis on GOOGL

Alphabet Stock Performance

Shares of GOOGL opened at $144.10 on Wednesday. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.33 and a beta of 1.06. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company’s fifty day moving average is $139.90 and its 200-day moving average is $135.29. Alphabet Inc. has a 12 month low of $88.57 and a 12 month high of $153.78.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the firm posted $1.05 EPS. Equities analysts expect that Alphabet Inc. will post 6.76 EPS for the current fiscal year.

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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