Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in Alphabet by 102,010.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56,169,241 shares in the last quarter. Bank of America reiterated a “buy” rating and issued a $1,450.00 price objective (up previously from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. In other Alphabet news, Director Ann Mather sold 27 shares of the stock in a transaction on Thursday, August 1st.
This developed after Superior Court Associate Judge Kenneth L. Govendo on Monday turned down a request by Mobil Oil Mariana Islands Inc. and Mariana Acquisition Corp., which owns Shell Marianas, to dismiss the lawsuit for failure to prosecute. “Such an initiative demonstrates plaintiffs’ desire to finally resolve this matter,” said Govendo in denying Mobil and Shell’s motion to dismiss the case. According to court documents, Rabby F. Syed filed the class action in 2009, seeking damages from the defendants for allegedly conspiring to illegally set gasoline prices in the Commonwealth. The court granted the motion but allowed class action plaintiffs to amend the lawsuit, which they did. But the court granted the defendants’ new motions to dismiss in March 2011, leaving plaintiffs without leave to amend.
Apple has unveiled a trio of new iPhone devices with redesigned camera systems as the tech firm placed new focus on smartphone photography. It is joined by the 5.8in iPhone 11 Pro and 6.5in 11 Pro Max, both of which will house triple camera systems for the first time on an iPhone. The technology firm said iPhone 11 Pro users could see up to five hours’ more battery life as a result of the internal upgrades. A new Night Mode for photos has also been introduced to the devices – also powered by the A13 chip – while the Pro devices have been given higher quality screens which Apple calls the Super Retina XDR.
Empire Life Investments Inc. boosted its holdings in Alphabet Inc (NASDAQ:GOOG) by 51.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. Credit Suisse Group increased their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. In related news, CAO Amie Thuener O’toole sold 54 shares of the stock in a transaction on Thursday, September 5th. Following the completion of the sale, the senior vice president now owns 44,482 shares of the company’s stock, valued at approximately $52,463,850.08.
Shares of Roku Inc. tumbled 12% in afternoon trading, with losses accelerating after Apple Inc. unveiled its price for its Apple TV+ service which was about half what was expected. Roku's stock was down about 4.9% just before the Apple's iPhone launch event kicked off at 1 p.m. Eastern. Apple said earlier that its Apple TV+ service will cost $4.99 a month for the family, with first shows available Nov. 1, which was below expectations of about $9.99 a month. Netflix Inc.'s stock was down about 0.5% just before 1 p.m., but was recently shedding 3.2%; Walt Disney Co.'s stock was recently down 3.0%, after being down about 1.0% just before Apple's launch event started.
A number of other institutional investors have also bought and sold shares of the stock. Banque Pictet & Cie SA now owns 176,195 shares of the information services provider’s stock valued at $190,784,000 after acquiring an additional 4,860 shares during the last quarter. Jefferies Financial Group boosted their price objective on shares of Alphabet from $1,450.00 to $1,500.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock.
Apple Introduces Dual Camera iPhone 11. Business WireSeptember 10, 2019, 6:37 PM UTC. iPhone 11 is powered by the A13 Bionic chip to perform the most demanding tasks, while getting through an entire day on a single charge, and is designed to withstand the elements with improved water resistance. “iPhone 11 is the next generation of iPhone, packed with great new capabilities in an incredible design, including new Ultra Wide and Wide cameras for gorgeous videos and photos, the power and ease of use of iOS 13, and A13 Bionic – the fastest chip ever in a smartphone that quickly handles the tasks that matter most to people every day,” said Phil Schiller, Apple’s senior vice president of Worldwide Marketing. The beautiful 6.1-inch all-screen Liquid Retina® display features wide color support and True Tone® for a more natural viewing experience.3 Customers can interact with their favorite apps in a quick, seamless way with Haptic Touch deeply integrated across iOS 13 to provide app shortcuts for everyday tasks right from the Home screen, including taking a selfie in Camera, checking an appointment in Calendar or previewing email within Mail with just a simple press.
Apple leans on devices business in global battle against Disney, Netflix. Sept 10 (Reuters) - Apple Inc, the company that transformed the music, mobile and personal computing industries, is relying on the ubiquity of its iPhones and iPads to take on Disney and Netflix in the battle for streaming TV customers. It faces an uphill battle when it launches its Apple TV+ streaming service on Nov. 1 for $5 a month against rivals with deeper libraries and years of experience making hit shows. Apple TV+ - which at launch will include eight original shows, including “The Morning Show,” featuring Jennifer Aniston and Reese Witherspoon and "See," a sci-fi drama featuring Jason Momoa - will be available in over 100 markets at launch.
Lincoln National Corp raised its position in Tesla Inc (NASDAQ:TSLA) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. Mizuho Securities Co. Ltd. purchased a new stake in shares of Tesla in the first quarter valued at approximately $28,000. In the last three months, insiders have sold 30,300 shares of company stock valued at $6,881,352. The company’s stock had a trading volume of 1,692,054 shares, compared to its average volume of 5,794,177.