Forsta AP Fonden Reduces Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Forsta AP Fonden lowered its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,329,800 shares of the information services provider's stock after selling 7,200 shares during the period. Alphabet comprises 1.8% of Forsta AP Fonden's holdings, making the stock its 10th largest position. Forsta AP Fonden's holdings in Alphabet were worth $253,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GOOG. Czech National Bank grew its stake in shares of Alphabet by 5.1% during the 3rd quarter. Czech National Bank now owns 978,396 shares of the information services provider's stock worth $163,578,000 after acquiring an additional 47,171 shares during the period. Apella Capital LLC boosted its position in 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. increased its stake in shares of Alphabet by 0.7% in 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 in the last quarter. Mirador Capital Partners LP raised its position in shares of Alphabet by 1.7% in the third quarter. Mirador Capital Partners LP now owns 110,697 shares of the information services provider's stock valued at $18,507,000 after purchasing an additional 1,882 shares during the period. Finally, Inspirion Wealth Advisors LLC lifted its stake in shares of Alphabet by 0.6% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 14,095 shares of the information services provider's stock valued at $2,357,000 after buying an additional 80 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent research reports. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. 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. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Oppenheimer lifted their target price on Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Citigroup increased their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $209.13.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $177.41, for a total value of $1,862,805.00. Following the sale, the director now directly owns 319,966 shares of the company's stock, valued at $56,765,168.06. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total value of $3,975,075.00. Following the transaction, the chief executive officer now directly owns 2,061,806 shares of the company's stock, valued at $364,259,266.02. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 100,029 shares of company stock worth $18,462,883 over the last three months. Company insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $14.41 during trading hours on Wednesday, reaching $193.30. 43,651,990 shares of the stock traded hands, compared to its average volume of 17,961,973. The company's 50-day simple moving average is $191.88 and its two-hundred day simple moving average is $175.91. The company has a market capitalization of $2.37 trillion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $208.70. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

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

Alphabet Company 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.