Arkadios Wealth Advisors increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,582 shares of the information services provider’s stock after purchasing an additional 442 shares during the period. Arkadios Wealth Advisors’ holdings in Alphabet were worth $5,257,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Willow Creek Wealth Management Inc. raised its position in Alphabet by 1,926.9% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after buying an additional 17,631 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Alphabet during the 3rd quarter worth $55,305,000. Griffin Asset Management Inc. raised its position in Alphabet by 1,900.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after buying an additional 49,628 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Alphabet by 3,005.0% in the 3rd quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock valued at $6,457,000 after purchasing an additional 65,329 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its holdings in shares of Alphabet by 1,915.2% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock valued at $12,415,000 after purchasing an additional 123,356 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.
Insider Transactions at Alphabet
In other news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total value of $3,750,000.00. Following the transaction, the director now owns 144,740 shares in the company, valued at $14,474,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Insiders sold 74,245 shares of company stock valued at $7,174,078 over the last three months. 11.44% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Alphabet Price Performance
GOOGL stock opened at $101.22 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79. The firm has a market capitalization of $1.30 trillion, a PE ratio of 22.24, a P/E/G ratio of 1.40 and a beta of 1.09. The firm has a 50-day moving average of $95.34 and a two-hundred day moving average of $96.03.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $63.15 billion. During the same period in the prior year, the company posted $1.53 earnings per share. On average, analysts forecast that Alphabet Inc. will post 5.12 earnings per share 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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