Penn Davis Mcfarland Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,687 shares of the information services provider’s stock after selling 6,683 shares during the quarter. Alphabet accounts for about 8.9% of Penn Davis Mcfarland Inc.’s holdings, making the stock its largest position. Penn Davis Mcfarland Inc.’s holdings in Alphabet were worth $45,225,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in GOOG. Totem Point Management LLC grew its position in Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares in the last quarter. Somerville Kurt F grew its position in Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares in the last quarter. BCK Partners Inc. purchased a new position in Alphabet during the first quarter valued at approximately $2,564,000. Hall Capital Management Co. Inc. grew its position in Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. grew its position in Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.
Insider Activity at Alphabet
In related news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the transaction, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The disclosure for this sale can be found here. Insiders sold a total of 112,192 shares of company stock worth $11,373,417 in the last ninety days. 12.99% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Alphabet Price Performance
NASDAQ:GOOG opened at $105.12 on Wednesday. The stock has a market cap of $1.35 trillion, a P/E ratio of 23.10, a PEG ratio of 1.44 and a beta of 1.10. Alphabet Inc. has a one year low of $83.45 and a one year high of $143.59. The company has a fifty day moving average price of $98.11 and a 200 day moving average price of $96.28. 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 (NASDAQ:GOOG – Get Rating) last released 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). The company had revenue of $76.05 billion for the quarter, compared to analyst estimates of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. Alphabet’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 earnings per share. Analysts anticipate that Alphabet Inc. will post 5.11 earnings per share 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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