Achmea Investment Management B.V. Sells 11,272 Shares of Alphabet Inc (GOOG)
Achmea Investment Management B.V. lowered its stake in Alphabet Inc (NASDAQ:GOOG) by 41.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 16,106 shares of the information services provider’s stock after selling 11,272 shares during the quarter. Alphabet accounts for 0.9% of Achmea Investment Management B.V.’s portfolio, making the stock its 20th biggest position. Achmea Investment Management B.V.’s holdings in Alphabet were worth $14,635,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in GOOG. Vanguard Group Inc. boosted its holdings in Alphabet by 3.0% in the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after acquiring an additional 589,654 shares in the last quarter. BlackRock Inc. boosted its holdings in Alphabet by 4.8% in the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares in the last quarter. FMR LLC boosted its holdings in Alphabet by 0.4% in the second quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after acquiring an additional 62,507 shares in the last quarter. Capital World Investors boosted its holdings in Alphabet by 13.9% in the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Alphabet by 3.2% in the second quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock worth $4,528,593,000 after acquiring an additional 155,151 shares in the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.
In related news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at $1,723,790.22. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock valued at $36,837,100 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company earned $9.06 EPS.
Several equities research analysts have commented on the company. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Tuesday. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target on the stock. in a report on Thursday, December 7th. UBS reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, November 27th. Oppenheimer reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,047.45.
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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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