Chicago Capital LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 598,753 shares of the information services provider’s stock after selling 7,385 shares during the period. Alphabet accounts for approximately 2.9% of Chicago Capital LLC’s holdings, making the stock its 10th biggest position. Chicago Capital LLC’s holdings in Alphabet were worth $52,828,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bornite Capital Management LP bought a new stake in shares of Alphabet during the 1st quarter worth about $16,688,000. Markel Corp boosted its holdings in shares of Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank increased its stake in shares of Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the period. 34.06% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Alphabet
In other news, Director Ann Mather sold 340 shares of the business’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the completion of the sale, the director now directly owns 11,300 shares in the company, valued at $1,095,196. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Ann Mather sold 340 shares of the company’s stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at $1,095,196. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,871 shares of company stock worth $10,094,138. 11.44% of the stock is owned by insiders.
Analyst Ratings Changes
Alphabet Stock Performance
GOOGL stock opened at $103.73 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.33 trillion, a price-to-earnings 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 firm has a 50 day moving average of $97.34 and a two-hundred day moving average of $95.80.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $63.15 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 5.12 EPS 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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