Fiera Capital Corp grew its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,539 shares of the information services provider’s stock after purchasing an additional 171 shares during the period. Fiera Capital Corp’s holdings in Alphabet were worth $10,080,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock valued at $21,839,988,000 after purchasing an additional 612,804 shares during the period. State Street Corp increased its holdings in shares of Alphabet by 0.7% during the third quarter. State Street Corp now owns 11,764,670 shares of the information services provider’s stock valued at $14,341,133,000 after purchasing an additional 81,768 shares during the period. Sanders Capital LLC increased its holdings in shares of Alphabet by 10.5% during the fourth quarter. Sanders Capital LLC now owns 1,384,395 shares of the information services provider’s stock valued at $2,039,993,000 after purchasing an additional 131,482 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Alphabet by 1.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,243,844 shares of the information services provider’s stock valued at $1,663,044,000 after purchasing an additional 18,237 shares during the period. Finally, Generation Investment Management LLP increased its holdings in shares of Alphabet by 24.5% during the third quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock valued at $1,393,237,000 after purchasing an additional 224,907 shares during the period. 33.80% of the stock is currently owned by institutional investors.
NASDAQ:GOOG opened at $1,514.66 on Friday. The company has a quick ratio of 3.35, a current ratio of 3.37 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1-year low of $1,025.00 and a 1-year high of $1,529.63. The firm has a market capitalization of $1,040.52 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The stock has a fifty day simple moving average of $1,431.92 and a 200 day simple moving average of $1,295.96.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $46.08 billion during the quarter, compared to analyst estimates of $46.87 billion. During the same quarter last year, the company posted $10.95 EPS. Alphabet’s revenue for the quarter was up 17.3% on a year-over-year basis. Equities analysts predict that Alphabet Inc will post 54.5 earnings per share for the current year.
In related news, SVP David C. Drummond sold 56,860 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $1,289.62, for a total value of $73,327,793.20. Following the completion of the transaction, the senior vice president now owns 45,806 shares in the company, valued at approximately $59,072,333.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Capitalg Lp sold 830,211 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $65.53, for a total value of $54,403,726.83. The disclosure for this sale can be found here. Insiders sold a total of 5,013,643 shares of company stock valued at $389,654,791 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on GOOG shares. Piper Sandler lifted their target price on Alphabet from $1,500.00 to $1,600.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $1,535.00 target price (up from $1,460.00) on shares of Alphabet in a report on Monday, February 3rd. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, October 29th. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, February 4th. Finally, Cleveland Research reaffirmed a “neutral” rating on shares of Alphabet in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,591.10.
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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