Alphabet Inc (NASDAQ:GOOG) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,182 shares of the information services provider’s stock after acquiring an additional 112 shares during the quarter. Alphabet makes up approximately 1.5% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 22nd biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in Alphabet were worth $8,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Alphabet by 102,010.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56,169,241 shares during the period. Lunia Capital LP boosted its holdings in shares of Alphabet by 135,522.5% in the fourth quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after acquiring an additional 16,857,647 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Alphabet by 129.3% in the fourth quarter. Nordea Investment Management AB now owns 723,309 shares of the information services provider’s stock valued at $755,828,000 after acquiring an additional 407,812 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $156,159,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Alphabet by 68.1% in the fourth quarter. California Public Employees Retirement System now owns 362,987 shares of the information services provider’s stock valued at $375,913,000 after acquiring an additional 147,043 shares in the last quarter. Hedge funds and other institutional investors own 34.02% of the company’s stock.

In related news, Director John L. Hennessy sold 75 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $1,238.57, for a total value of $92,892.75. Following the completion of the transaction, the director now owns 276 shares of the company’s stock, valued at approximately $341,845.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $1,100.52, for a total transaction of $75,935.88. Following the completion of the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $427,001.76. The disclosure for this sale can be found here. Insiders sold a total of 2,123 shares of company stock valued at $2,553,758 in the last ninety days. Company insiders own 12.99% of the company’s stock.

NASDAQ:GOOG traded down $0.50 during trading hours on Wednesday, reaching $1,169.45. 544,932 shares of the company’s stock were exchanged, compared to its average volume of 1,591,709. The stock has a market cap of $813.31 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.31 and a beta of 0.96. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,289.27. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. The stock has a 50-day moving average price of $1,143.21.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. The firm had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $11.75 earnings per share. On average, sell-side analysts forecast that Alphabet Inc will post 52.1 EPS for the current year.

Several research analysts have recently issued reports on the stock. Credit Suisse Group increased their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Pivotal Research assumed coverage on shares of Alphabet in a report on Wednesday, May 29th. They issued a “hold” rating for the company. Bank of America reiterated a “buy” rating and issued a $1,450.00 price objective (up from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. Cowen increased their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,373.93.

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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