Alphabet Inc. (NASDAQ:GOOG) is Strs Ohio’s 6th Largest Position

Strs Ohio cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,697,256 shares of the information services provider’s stock after selling 152,987 shares during the quarter. Alphabet comprises 1.6% of Strs Ohio’s portfolio, making the stock its 6th biggest position. Strs Ohio’s holdings in Alphabet were worth $380,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GOOG. Tandem Wealth Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $26,000. HWG Holdings LP acquired a new stake in shares of Alphabet during the 2nd quarter worth approximately $26,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $28,000. Finally, Buck Wealth Strategies LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ GOOG opened at $156.00 on Wednesday. Alphabet Inc. has a 1-year low of $103.27 and a 1-year high of $161.70. The company has a market cap of $1.94 trillion, a P/E ratio of 26.90, a P/E/G ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a 50-day moving average of $146.95 and a two-hundred day moving average of $141.51.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James raised their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna lifted their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Oppenheimer lifted their price target on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $159.86.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,839 shares of company stock valued at $32,835,757. 12.99% of the stock is currently owned by corporate insiders.

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.