Kolinsky Wealth Management LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,726.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,065 shares of the information services provider’s stock after purchasing an additional 5,733 shares during the quarter. Alphabet comprises about 0.7% of Kolinsky Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Kolinsky Wealth Management LLC’s holdings in Alphabet were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Nuveen Asset Management LLC lifted its stake in shares of Alphabet by 1,814.3% in the third quarter. Nuveen Asset Management LLC now owns 35,166,262 shares of the information services provider’s stock valued at $3,381,237,000 after buying an additional 33,329,215 shares in the last quarter. Sanders Capital LLC lifted its stake in shares of Alphabet by 1,927.2% in the third quarter. Sanders Capital LLC now owns 33,084,588 shares of the information services provider’s stock valued at $3,181,083,000 after buying an additional 31,452,549 shares in the last quarter. Polen Capital Management LLC lifted its stake in shares of Alphabet by 1,896.1% in the third quarter. Polen Capital Management LLC now owns 28,471,359 shares of the information services provider’s stock valued at $2,737,521,000 after buying an additional 27,045,038 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Alphabet by 1,736.4% in the third quarter. Jennison Associates LLC now owns 23,253,198 shares of the information services provider’s stock valued at $2,235,795,000 after buying an additional 21,986,989 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Alphabet by 1,872.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock valued at $1,758,856,000 after buying an additional 17,365,189 shares in the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Alphabet
In related news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Ann Mather sold 380 shares of the business’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares of the company’s stock, valued at $1,008,412. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,745 shares of company stock valued at $3,424,078. Corporate insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Alphabet Price Performance
GOOG opened at $94.02 on Friday. The company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.25 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $94.29 and a 200-day moving average price of $98.29. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $144.16.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The business had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. Alphabet’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. Equities analysts expect that Alphabet Inc. will post 5.12 EPS for the current year.
About Alphabet
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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