Hendershot Investments Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,623 shares of the information services provider’s stock after acquiring an additional 9,481 shares during the quarter. Alphabet makes up about 2.7% of Hendershot Investments Inc.’s investment portfolio, making the stock its 7th largest position. Hendershot Investments Inc.’s holdings in Alphabet were worth $16,289,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Spreng Capital Management Inc. raised its holdings in shares of Alphabet by 4.0% during the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. raised its holdings in shares of Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. raised its holdings in shares of Alphabet by 2.1% during the first 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 raised its holdings in shares of Alphabet by 1.8% during the first 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 raised its holdings in shares of Alphabet by 0.5% during the first 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. 34.06% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alphabet
In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total value of $63,617.19. Following the transaction, the chief accounting officer now directly owns 25,282 shares in the company, valued at approximately $2,524,913.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total value of $63,617.19. Following the transaction, the chief accounting officer now directly owns 25,282 shares in the company, valued at approximately $2,524,913.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the sale, the insider now directly owns 41,970 shares in the company, valued at $4,197,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,192 shares of company stock worth $11,373,417. 11.44% of the stock is currently owned by insiders.
Analyst Ratings Changes
Alphabet Stock Performance
NASDAQ:GOOGL opened at $108.42 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The firm has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.44 and a beta of 1.10. The company’s 50-day moving average is $97.98 and its two-hundred day moving average is $95.91. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $137.16.
Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings data 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 company had revenue of $76.05 billion during the quarter, compared to analyst estimates of $63.15 billion. During the same quarter in the prior year, the company posted $1.53 earnings per share. Analysts forecast that Alphabet Inc. will post 5.11 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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