Elequin Securities LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 962 shares of the information services provider’s stock, valued at approximately $85,000.
Other large investors have also added to or reduced their stakes in the company. VitalStone Financial LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $25,000. Laurel Wealth Planning LLC boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning 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. Coston McIsaac & Partners lifted its stake in shares of Alphabet by 1,900.0% in the 3rd 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 during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in shares of Alphabet in the 4th quarter valued at $33,000. Finally, TFO TDC LLC lifted its stake in shares of Alphabet by 952.6% in the 3rd quarter. TFO TDC LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 362 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.
Insider Activity
In other Alphabet news, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,017,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the company’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the transaction, the insider now owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the transaction, the director now owns 11,300 shares in the company, valued at approximately $1,017,565. The disclosure for this sale can be found here. Over the last quarter, insiders bought 732,217 shares of company stock valued at $21,135,371 and sold 601,450 shares valued at $28,354,856. Corporate insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
Alphabet Stock Down 0.1 %
GOOGL stock opened at $122.76 on Monday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $125.97. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.56 trillion, a P/E ratio of 27.34, a PEG ratio of 1.56 and a beta of 1.10. The firm has a 50 day simple moving average of $106.43 and a 200-day simple moving average of $98.26.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its 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. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post 5.41 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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