Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Swedbank AB

Swedbank AB raised its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,483,070 shares of the information services provider's stock after buying an additional 144,170 shares during the quarter. Alphabet comprises 2.0% of Swedbank AB's holdings, making the stock its 7th largest position. Swedbank AB owned 0.07% of Alphabet worth $1,615,516,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Czech National Bank lifted its holdings in shares of Alphabet by 5.1% during the third quarter. Czech National Bank now owns 978,396 shares of the information services provider's stock worth $163,578,000 after purchasing an additional 47,171 shares during the period. Apella Capital LLC lifted its holdings in shares of Alphabet by 53.5% during the third quarter. Apella Capital LLC now owns 6,664 shares of the information services provider's stock worth $1,115,000 after purchasing an additional 2,324 shares during the period. Goelzer Investment Management Inc. lifted its holdings in shares of Alphabet by 0.7% during the third quarter. Goelzer Investment Management Inc. now owns 95,853 shares of the information services provider's stock worth $16,026,000 after purchasing an additional 639 shares during the period. Mirador Capital Partners LP lifted its holdings in shares of Alphabet by 1.7% during the third quarter. Mirador Capital Partners LP now owns 110,697 shares of the information services provider's stock worth $18,507,000 after purchasing an additional 1,882 shares during the period. Finally, Inspirion Wealth Advisors LLC lifted its holdings in shares of Alphabet by 0.6% during the third quarter. Inspirion Wealth Advisors LLC now owns 14,095 shares of the information services provider's stock worth $2,357,000 after purchasing an additional 80 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on GOOG shares. Barclays lifted their price target on Alphabet from $200.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Wedbush restated an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their price objective on Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.13.

Alphabet Trading Down 6.9 %

Shares of Alphabet stock traded down $14.41 during trading hours on Wednesday, hitting $193.30. The company's stock had a trading volume of 43,651,990 shares, compared to its average volume of 17,961,973. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $208.70. The firm has a fifty day moving average of $191.88 and a 200-day moving average of $175.91. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. Research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,029 shares of company stock worth $18,462,883. 12.99% of the stock is currently owned by company insiders.

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.