GFS Advisors LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,710 shares of the information services provider’s stock after selling 1,190 shares during the period. GFS Advisors LLC’s holdings in Alphabet were worth $3,169,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. OLD Second National Bank of Aurora boosted its stake in Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Westchester Capital Management Inc. raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares in the last quarter. Saban Cheryl boosted its position in shares of Alphabet by 1,900.0% in the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after buying an additional 190 shares during the period. Finally, Gould Capital LLC grew its holdings in shares of Alphabet by 2,150.0% during the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after buying an additional 301 shares in the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the stock in a transaction dated Monday, March 13th. The shares were bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold 112,192 shares of company stock worth $11,373,417 in the last quarter. 12.99% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Alphabet Stock Up 3.8 %
Shares of GOOG stock opened at $108.90 on Monday. The stock’s 50 day simple moving average is $98.63 and its 200 day simple moving average is $96.40. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $137.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.51 and a beta of 1.10.
Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly 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). The firm had revenue of $76.05 billion during the quarter, compared to the consensus estimate of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.53 EPS. As a group, research analysts predict that Alphabet Inc. will post 5.11 EPS for the current 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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