Panview Asian Equity Master Fund Purchases Shares of 142,000 Alphabet Inc. (NASDAQ:GOOG)

Panview Asian Equity Master Fund acquired a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 142,000 shares of the information services provider’s stock, valued at approximately $20,012,000. Alphabet accounts for approximately 13.3% of Panview Asian Equity Master Fund’s portfolio, making the stock its 4th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Everence Capital Management Inc. lifted its stake in shares of Alphabet by 0.7% in the 3rd quarter. Everence Capital Management Inc. now owns 124,950 shares of the information services provider’s stock valued at $16,475,000 after purchasing an additional 830 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its position in Alphabet by 15.0% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 19,808 shares of the information services provider’s stock valued at $2,757,000 after purchasing an additional 2,580 shares during the period. Essex LLC boosted its position in Alphabet by 6.3% during the 3rd quarter. Essex LLC now owns 29,660 shares of the information services provider’s stock worth $3,911,000 after acquiring an additional 1,768 shares during the period. Capital Investment Advisors LLC boosted its position in Alphabet by 14.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 28,953 shares of the information services provider’s stock worth $3,817,000 after acquiring an additional 3,573 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in Alphabet by 1.1% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 22,332 shares of the information services provider’s stock worth $2,944,000 after acquiring an additional 234 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the sale, the chief executive officer now owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet 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 owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 251,339 shares of company stock worth $36,377,482. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 11.6 %

Shares of Alphabet stock opened at $176.28 on Friday. The firm has a market capitalization of $2.19 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05. Alphabet Inc. has a 12-month low of $104.42 and a 12-month high of $176.28. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $148.48 and its 200-day moving average is $142.51.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.17 EPS. Equities analysts anticipate that Alphabet Inc. will post 6.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOG. Stifel Nicolaus boosted their price target on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer boosted their price target on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Raymond James upped their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley restated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Finally, Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average target price of $159.86.

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.