Kathleen S. Wright Associates Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,170 shares of the information services provider’s stock after purchasing an additional 340 shares during the period. Kathleen S. Wright Associates Inc.’s holdings in Alphabet were worth $897,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares during the period. State Street Corp boosted its position in Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Alphabet by 1,955.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock valued at $5,847,474,000 after acquiring an additional 58,159,150 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Alphabet by 1,896.9% during the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock worth $5,553,529,000 after acquiring an additional 55,153,448 shares during the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated 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 $2,524,913.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, 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 sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total transaction of $63,617.19. Following the sale, the chief accounting officer now directly owns 25,282 shares in the company, valued at approximately $2,524,913.34. The disclosure for this sale can be found here. Insiders sold 100,539 shares of company stock worth $10,209,164 over the last three months. 11.44% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Alphabet Stock Performance
NASDAQ GOOGL opened at $103.85 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.33 trillion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.46 and a beta of 1.10. The firm’s 50 day simple moving average is $99.56 and its 200 day simple moving average is $96.44. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $122.85.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same period in the previous year, the business posted $1.53 EPS. As a group, research analysts expect that Alphabet Inc. will post 5.11 earnings per share for the current fiscal 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.
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