Community Capital Management LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 31.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,100 shares of the information services provider’s stock after selling 6,900 shares during the period. Alphabet makes up 1.7% of Community Capital Management LLC’s holdings, making the stock its 29th largest position. Community Capital Management LLC’s holdings in Alphabet were worth $1,340,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. StrategIQ Financial Group LLC increased its position in shares of Alphabet by 2.8% in the 4th quarter. StrategIQ Financial Group LLC now owns 11,847 shares of the information services provider’s stock valued at $1,051,000 after buying an additional 319 shares in the last quarter. Transform Wealth LLC increased its position in shares of Alphabet by 77.6% in the 4th quarter. Transform Wealth LLC now owns 40,134 shares of the information services provider’s stock valued at $3,561,000 after buying an additional 17,534 shares in the last quarter. Mason & Associates Inc increased its position in shares of Alphabet by 12.9% in the 4th quarter. Mason & Associates Inc now owns 4,915 shares of the information services provider’s stock valued at $436,000 after buying an additional 560 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Alphabet by 1.7% in the 4th quarter. Flagship Harbor Advisors LLC now owns 74,898 shares of the information services provider’s stock valued at $6,646,000 after buying an additional 1,272 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its position in shares of Alphabet by 1.9% in the 4th quarter. Baystate Wealth Management LLC now owns 10,308 shares of the information services provider’s stock valued at $915,000 after buying an additional 195 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.
Insider Buying and Selling
In related news, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of 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 the SEC website. In other news, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the completion of the sale, the insider now owns 41,970 shares in the company, valued at $4,197,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 37,500 shares of the business’s 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 sale, the director now owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,245 shares of company stock worth $7,174,078. Company insiders own 12.99% of the company’s stock.
Analyst Upgrades and Downgrades
Alphabet Price Performance
Shares of NASDAQ GOOG opened at $104.22 on Thursday. The stock has a market capitalization of $1.33 trillion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.41 and a beta of 1.09. The business has a 50-day moving average of $96.53 and a 200-day moving average of $96.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $144.16.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings results 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 return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $76.49 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current fiscal 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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