Deuterium Capital Management LLC Has $7.66 Million Position in Alphabet Inc. $GOOG

Deuterium Capital Management LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,200 shares of the information services provider’s stock after selling 10,800 shares during the period. Alphabet accounts for approximately 14.4% of Deuterium Capital Management LLC’s portfolio, making the stock its 4th largest holding. Deuterium Capital Management LLC’s holdings in Alphabet were worth $7,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. Kingstone Capital Partners Texas LLC grew its holdings in Alphabet by 580,897.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after purchasing an additional 135,064,454 shares during the period. Nuveen LLC bought a new position in Alphabet during the first quarter valued at $2,622,943,000. Vanguard Group Inc. grew its holdings in Alphabet by 2.4% during the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock valued at $64,299,725,000 after purchasing an additional 9,687,855 shares during the period. JPMorgan Chase & Co. grew its holdings in Alphabet by 9.9% during the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock valued at $15,971,861,000 after purchasing an additional 9,243,959 shares during the period. Finally, Strs Ohio bought a new position in shares of Alphabet in the first quarter worth $369,713,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the sale, the chief executive officer owned 2,369,619 shares in the company, valued at $592,760,192.85. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 103 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the sale, the director owned 17,284 shares in the company, valued at $4,202,258.92. The trade was a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 246,150 shares of company stock valued at $55,805,379 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $281.82 on Friday. The firm has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 27.79, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $291.93. The stock has a fifty day moving average of $244.59 and a 200 day moving average of $200.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $2.12 earnings per share. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GOOG shares. Mizuho set a $325.00 price target on Alphabet in a research report on Thursday. Raymond James Financial set a $275.00 price target on Alphabet and gave the company an “outperform” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. lifted their price target on Alphabet from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Jefferies Financial Group lifted their price target on Alphabet from $285.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.81.

About Alphabet

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.