Howard Financial Services LTD. decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,210 shares of the information services provider’s stock after selling 830 shares during the quarter. Howard Financial Services LTD.’s holdings in Alphabet were worth $460,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC lifted its position in Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC increased its stake in Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after buying an additional 266 shares during the last quarter. Laurel Wealth Planning LLC increased its stake in Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Coston McIsaac & Partners increased its stake in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the last quarter. Finally, Horizons Wealth Management purchased a new stake in Alphabet in the 2nd quarter valued at about $33,000. Institutional investors own 34.06% of the company’s stock.
Insider Transactions at Alphabet
In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the stock in a transaction on Monday, March 13th. The stock was acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction 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 accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was purchased at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 74,245 shares of company stock valued at $7,174,078. Insiders own 11.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Alphabet Stock Performance
NASDAQ GOOGL opened at $105.60 on Friday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $143.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The company has a market capitalization of $1.35 trillion, a P/E ratio of 23.21, a P/E/G ratio of 1.40 and a beta of 1.09. The company has a fifty day moving average of $96.20 and a 200-day moving average of $96.13.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (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 company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 5.12 EPS for the current fiscal year.
Alphabet Company Profile
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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