Alphabet Inc. (NASDAQ:GOOGL) is Strs Ohio’s 7th Largest Position

Strs Ohio decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,560,020 shares of the information services provider’s stock after selling 76,514 shares during the quarter. Alphabet accounts for approximately 1.5% of Strs Ohio’s holdings, making the stock its 7th biggest position. Strs Ohio’s holdings in Alphabet were worth $357,609,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of GOOGL. Market Street Wealth Management Advisors LLC increased its position in shares of Alphabet by 19.5% during the 4th quarter. Market Street Wealth Management Advisors LLC now owns 3,598 shares of the information services provider’s stock valued at $503,000 after purchasing an additional 588 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in shares of Alphabet by 3.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 9,987 shares of the information services provider’s stock valued at $1,395,000 after purchasing an additional 313 shares during the last quarter. PCG Wealth Advisors LLC increased its position in shares of Alphabet by 6.9% during the 4th quarter. PCG Wealth Advisors LLC now owns 3,293 shares of the information services provider’s stock valued at $460,000 after purchasing an additional 213 shares during the last quarter. Howard Capital Management Inc. increased its position in shares of Alphabet by 4.9% during the 4th quarter. Howard Capital Management Inc. now owns 34,115 shares of the information services provider’s stock valued at $4,766,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC increased its position in shares of Alphabet by 0.7% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 437,106 shares of the information services provider’s stock valued at $61,059,000 after purchasing an additional 3,222 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 1.4 %

Shares of GOOGL opened at $156.28 on Tuesday. The company has a market cap of $1.94 trillion, a PE ratio of 26.94, a P/E/G ratio of 1.42 and a beta of 1.05. The business has a fifty day moving average of $146.43 and a 200 day moving average of $140.78. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period last year, the company earned $1.05 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock worth $36,377,482 over the last three months. 0.88% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GOOGL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $155.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Jefferies Financial Group upped their price target on shares of Alphabet from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Finally, JMP Securities reissued a “market outperform” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.71.

Alphabet Profile

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.