Capital International Investors raised its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,337,057 shares of the information services provider’s stock after buying an additional 22,290 shares during the quarter. Alphabet comprises approximately 2.0% of Capital International Investors’ holdings, making the stock its 8th largest position. Capital International Investors’ holdings in Alphabet were worth $5,798,732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Ameraudi Asset Management Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth about $207,000. Wealthfront Advisers LLC boosted its holdings in Alphabet by 5.1% in the fourth quarter. Wealthfront Advisers LLC now owns 14,564 shares of the information services provider’s stock valued at $19,472,000 after purchasing an additional 701 shares during the last quarter. Bainco International Investors boosted its holdings in Alphabet by 0.5% in the fourth quarter. Bainco International Investors now owns 12,372 shares of the information services provider’s stock valued at $17,972,000 after purchasing an additional 60 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Alphabet by 1,050.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,185 shares of the information services provider’s stock valued at $1,584,000 after purchasing an additional 1,082 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Alphabet in the fourth quarter valued at about $22,903,000. 33.53% of the stock is owned by hedge funds and other institutional investors.

NASDAQ GOOG traded up $40.19 on Thursday, hitting $1,142.68. 1,522,596 shares of the stock traded hands, compared to its average volume of 3,222,223. The stock has a 50-day moving average of $1,342.87 and a 200 day moving average of $1,321.06. Alphabet Inc has a twelve month low of $1,013.54 and a twelve month high of $1,532.11. The company has a market capitalization of $779.70 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a current ratio of 3.37, a quick ratio of 3.35 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $12.76 by $2.59. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The firm had revenue of $46.08 billion for the quarter, compared to analysts’ expectations of $46.87 billion. During the same quarter in the prior year, the firm posted $10.95 earnings per share. Alphabet’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts expect that Alphabet Inc will post 52.67 earnings per share for the current year.

GOOG has been the subject of a number of analyst reports. Deutsche Bank reduced their price target on Alphabet from $1,735.00 to $1,700.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Pivotal Research increased their price target on Alphabet from $1,650.00 to $1,700.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. KeyCorp increased their price target on Alphabet from $1,546.00 to $1,769.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, February 4th. Finally, Oppenheimer increased their price target on Alphabet from $1,530.00 to $1,620.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $1,581.81.

In other news, major shareholder Capitalg Lp sold 555,822 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $50.09, for a total transaction of $27,841,123.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 31 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $1,459.40, for a total value of $45,241.40. The disclosure for this sale can be found here. Insiders have sold 5,204,053 shares of company stock worth $335,936,779 in the last 90 days. 12.99% of the stock is currently owned by insiders.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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