Alphabet Inc. (NASDAQ:GOOG) is Supplemental Annuity Collective Trust of NJ’s 4th Largest Position

Supplemental Annuity Collective Trust of NJ increased its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the information services provider’s stock after purchasing an additional 85,500 shares during the period. Alphabet makes up approximately 3.8% of Supplemental Annuity Collective Trust of NJ’s portfolio, making the stock its 4th largest position. Supplemental Annuity Collective Trust of NJ’s holdings in Alphabet were worth $8,654,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. grew its position in Alphabet by 1,872.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock worth $1,758,856,000 after buying an additional 17,365,189 shares during the period. Baillie Gifford & Co. grew its position in Alphabet by 1,879.5% during the third quarter. Baillie Gifford & Co. now owns 11,694,544 shares of the information services provider’s stock worth $1,124,431,000 after buying an additional 11,103,769 shares during the period. Nordea Investment Management AB grew its position in Alphabet by 1,899.8% during the third quarter. Nordea Investment Management AB now owns 6,677,522 shares of the information services provider’s stock worth $654,531,000 after buying an additional 6,343,615 shares during the period. New York State Teachers Retirement System grew its position in Alphabet by 1,835.5% during the third quarter. New York State Teachers Retirement System now owns 6,444,438 shares of the information services provider’s stock worth $619,633,000 after buying an additional 6,111,475 shares during the period. Finally, Truist Financial Corp grew its position in Alphabet by 1,861.3% during the third quarter. Truist Financial Corp now owns 4,489,234 shares of the information services provider’s stock worth $431,640,000 after buying an additional 4,260,344 shares during the period. 28.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ:GOOG opened at $99.21 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.28 trillion, a P/E ratio of 19.70, a P/E/G ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $152.10. The firm’s 50 day moving average is $93.63 and its two-hundred day moving average is $102.00.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 EPS. Analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOG. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research report on Monday, January 9th. The Goldman Sachs Group set a $135.00 price target on shares of Alphabet in a research report on Friday, November 18th. Societe Generale lowered their price target on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Cowen lowered their price target on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, UBS Group set a $115.00 price target on shares of Alphabet in a research report on Thursday, January 12th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $140.40.

About Alphabet

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Alphabet Inc provides 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 offers 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:GOOG)

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