Strategic Investment Advisors MI lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,032 shares of the information services provider’s stock after purchasing an additional 4,170 shares during the period. Alphabet accounts for about 1.0% of Strategic Investment Advisors MI’s portfolio, making the stock its 25th biggest position. Strategic Investment Advisors MI’s holdings in Alphabet were worth $4,855,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IAG Wealth Partners LLC raised its stake in shares of Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after acquiring an additional 266 shares during the period. Laurel Wealth Planning LLC boosted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the period. Coston McIsaac & Partners boosted its stake in Alphabet by 1,900.0% during the third 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 period. Finally, Horizons Wealth Management bought a new stake in Alphabet during the second quarter valued at $33,000. Institutional investors own 34.06% of the company’s stock.
Insiders Place Their Bets
In other Alphabet news, insider John Kent Walker sold 29,006 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $101.84, for a total value of $2,953,971.04. Following the sale, the insider now directly owns 24,277 shares of the company’s stock, valued at $2,472,369.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 29,006 shares of the stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total transaction of $2,953,971.04. Following the transaction, the insider now directly owns 24,277 shares of the company’s stock, valued at approximately $2,472,369.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,871 shares of company stock valued at $10,094,138. 11.44% of the stock is currently owned by insiders.
Analyst Ratings Changes
Alphabet Trading Up 2.8 %
GOOGL opened at $103.73 on Friday. The firm has a market cap of $1.33 trillion, a P/E ratio of 22.79, a P/E/G ratio of 1.40 and a beta of 1.09. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $97.34 and a 200 day moving average of $95.86.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly 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 company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period in the prior year, the firm posted $1.53 EPS. As a group, research analysts forecast that Alphabet Inc. will post 5.12 EPS for the current year.
Alphabet 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.
Further Reading
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