FUKOKU MUTUAL LIFE INSURANCE Co reduced its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,360 shares of the information services provider's stock after selling 1,880 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Alphabet were worth $2,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Totem Point Management LLC increased its position in Alphabet by 22.0% in the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider's stock valued at $8,857,000 after acquiring an additional 571 shares during the period. Somerville Kurt F increased its position in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider's stock valued at $330,000 after acquiring an additional 11 shares during the period. BCK Partners Inc. acquired a new position in Alphabet in the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. increased its position in Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider's stock valued at $402,000 after acquiring an additional 50 shares during the period. Finally, Fairfield Bush & CO. increased its position in Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider's stock valued at $9,412,000 after acquiring an additional 214 shares during the period. 28.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business's stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the acquisition, the insider now directly owns 1,709,527 shares of the company's stock, valued at approximately $50,072,045.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the sale, the senior vice president now owns 76,580 shares of the company's stock, valued at $7,922,966.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the business's stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares of the company's stock, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold 112,192 shares of company stock valued at $11,373,417 over the last quarter. Insiders own 12.99% of the company's stock.

Alphabet Trading Up 2.8 %

GOOG stock opened at $108.19 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $131.92. The business has a fifty day simple moving average of $99.01 and a 200-day simple moving average of $96.55. The company has a market cap of $1.39 trillion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.48 and a beta of 1.10.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $76.49 billion. During the same period in the prior year, the business earned $1.53 EPS. The business's revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 5.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cowen dropped their price target on Alphabet from $135.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 11th. Credit Suisse Group set a $136.00 target price on Alphabet in a research report on Friday, February 3rd. Oppenheimer boosted their target price on Alphabet from $130.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, February 3rd. Jefferies Financial Group set a $125.00 target price on Alphabet in a research report on Friday, February 3rd. Finally, Bank of America upped their price target on Alphabet from $116.00 to $119.00 and gave the stock a "buy" rating in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $135.24.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.

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