Powers Advisory Group LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,278 shares of the information services provider’s stock after selling 402 shares during the period. Powers Advisory Group LLC’s holdings in Alphabet were worth $289,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Spreng Capital Management Inc. lifted its holdings in Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after buying an additional 5 shares during the last quarter. West Family Investments Inc. lifted its holdings in Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after buying an additional 6 shares during the last quarter. Maple Capital Management Inc. lifted its holdings in shares of Alphabet by 2.1% in the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC lifted its holdings in shares of Alphabet by 1.8% in the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after purchasing an additional 7 shares during the last quarter. Finally, Weik Capital Management lifted its holdings in shares of Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after purchasing an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Insider Buying and Selling at Alphabet
In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $29.29 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of Alphabet stock in a transaction on Monday, March 13th. The stock was bought at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 29,006 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total value of $2,953,971.04. Following the completion of the sale, 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. Insiders have sold 102,871 shares of company stock worth $10,094,138 over the last 90 days. 11.44% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Alphabet Stock Performance
Shares of NASDAQ GOOGL opened at $103.73 on Friday. The business’s 50-day moving average price is $97.34 and its two-hundred day moving average price is $95.80. 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 one year low of $83.34 and a one year high of $143.79. The company has a market capitalization of $1.33 trillion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09.
Alphabet (NASDAQ:GOOGL – Get Rating) last issued its 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 net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $63.15 billion. During the same quarter last year, the firm earned $1.53 EPS. Analysts anticipate that Alphabet Inc. will post 5.12 earnings per share 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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