Torray Investment Partners LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 187,737 shares of the information services provider’s stock after selling 44,626 shares during the period. Alphabet makes up approximately 3.0% of Torray Investment Partners LLC’s holdings, making the stock its 2nd largest holding. Torray Investment Partners LLC’s holdings in Alphabet were worth $16,564,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bornite Capital Management LP bought a new stake in shares of Alphabet in the 1st quarter worth about $16,688,000. Markel Corp grew its holdings in shares of Alphabet by 17.0% in the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after purchasing an additional 2,250 shares during the last quarter. United Bank grew its holdings in shares of Alphabet by 5.9% in the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Alphabet by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management increased its holdings in Alphabet by 20.4% during the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after purchasing an additional 1,570 shares in the last quarter. 34.06% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction dated Monday, April 3rd. The stock was 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 $7,922,966.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total value of $3,750,000.00. Following the sale, the director now directly owns 144,740 shares in the company, valued at approximately $14,474,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet 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 in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. Over the last three months, insiders bought 732,217 shares of company stock worth $21,135,371 and sold 326,208 shares worth $16,803,119. 11.44% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Alphabet Stock Up 0.8 %
Alphabet stock opened at $117.51 on Friday. The stock has a market capitalization of $1.49 trillion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $122.43. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $103.71 and a 200-day moving average of $97.24.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 5.39 EPS for the current fiscal 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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