United Services Automobile Association Purchases 12,917 Shares of Alphabet Inc. (NASDAQ:GOOG)

United Services Automobile Association grew its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 9.8% in the fourth quarter, HoldingsChannel reports. The fund owned 144,657 shares of the information services provider’s stock after acquiring an additional 12,917 shares during the period. United Services Automobile Association’s holdings in Alphabet were worth $20,387,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GOOG. WealthPlan Investment Management LLC grew its position in shares of Alphabet by 508.0% during the 3rd quarter. WealthPlan Investment Management LLC now owns 56,632 shares of the information services provider’s stock worth $7,467,000 after buying an additional 47,317 shares during the period. Regent Peak Wealth Advisors LLC grew its position in shares of Alphabet by 13.9% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 17,799 shares of the information services provider’s stock worth $2,347,000 after buying an additional 2,170 shares during the period. NBC Securities Inc. acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $3,938,000. Pinnacle Financial Partners Inc grew its position in shares of Alphabet by 0.7% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 330,676 shares of the information services provider’s stock worth $43,600,000 after buying an additional 2,266 shares during the period. Finally, Achmea Investment Management B.V. grew its position in shares of Alphabet by 2.3% during the 3rd quarter. Achmea Investment Management B.V. now owns 442,810 shares of the information services provider’s stock worth $58,385,000 after buying an additional 9,808 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Up 0.7 %

Shares of Alphabet stock traded up $1.27 on Monday, hitting $176.33. The company had a trading volume of 11,403,500 shares, compared to its average volume of 21,919,543. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 27.04, a P/E/G ratio of 1.31 and a beta of 1.02. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $179.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a 50-day moving average of $162.27 and a 200-day moving average of $148.32.

Alphabet (NASDAQ:GOOGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. Research analysts predict that Alphabet Inc. will post 7.7 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 300 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total value of $41,853.00. Following the sale, the director now owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $173.22, for a total transaction of $3,897,450.00. Following the sale, the chief executive officer now directly owns 2,258,011 shares of the company’s stock, valued at $391,132,665.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 300 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the sale, the director now directly owns 9,291 shares in the company, valued at $1,296,187.41. The disclosure for this sale can be found here. Insiders have sold a total of 205,935 shares of company stock valued at $31,178,987 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Susquehanna boosted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley restated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer boosted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average target price of $165.67.

Get Our Latest Report on GOOG

Alphabet Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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