Main Street Research LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,941 shares of the information services provider’s stock after selling 383 shares during the quarter. Main Street Research LLC’s holdings in Alphabet were worth $1,142,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. VitalStone Financial LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC grew its stake in shares of Alphabet by 3,275.0% during the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Artemis Wealth Advisors LLC grew its stake in shares of Alphabet by 1,900.0% during the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares in the last quarter. Laurel Wealth Planning LLC grew its stake in shares of Alphabet by 1,900.0% during the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. Finally, Coston McIsaac & Partners boosted its stake in Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Insider Activity
In other news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director Ann Mather sold 380 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the sale, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The disclosure for this sale can be found here. In the last three months, insiders sold 100,539 shares of company stock valued at $10,214,031. Company insiders own 11.44% of the company’s stock.
Wall Street Analyst Weigh In
Alphabet Price Performance
Shares of GOOGL stock opened at $105.41 on Thursday. The firm has a market cap of $1.35 trillion, a P/E ratio of 23.48, a P/E/G ratio of 1.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.34. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $122.85. The firm has a fifty day moving average of $101.00 and a two-hundred day moving average of $96.80.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The business had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. During the same period in the previous year, the business posted $1.23 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 5.39 earnings per share 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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