Rosenblum Silverman Sutton S F Inc. CA reduced its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,340 shares of the information services provider’s stock after selling 1,950 shares during the period. Alphabet comprises about 2.1% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 20th largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Alphabet were worth $5,709,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Westchester Capital Management Inc. increased its position in Alphabet by 1,900.0% in the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the last quarter. Corrado Advisors LLC acquired a new position in Alphabet in the 4th quarter worth about $27,000. Saban Cheryl increased its position in Alphabet by 1,900.0% in the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after purchasing an additional 190 shares during the last quarter. Gould Capital LLC increased its position in Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in Alphabet by 1,900.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock worth $31,000 after purchasing an additional 304 shares during the last quarter. 28.69% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the transaction, the director now owns 5,740 shares in the company, valued at approximately $721,231. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 29,006 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $101.84, for a total value of $2,953,971.04. Following the sale, the insider now directly owns 24,277 shares of the company’s stock, valued at $2,472,369.68. The disclosure for this sale can be found here. Insiders sold 804,467 shares of company stock worth $29,279,070 in the last 90 days. 12.99% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Alphabet Price Performance
Alphabet stock opened at $124.38 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The company has a market capitalization of $1.58 trillion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.57 and a beta of 1.09. Alphabet Inc. has a one year low of $83.45 and a one year high of $129.55. The business has a 50 day simple moving average of $115.08 and a 200 day simple moving average of $102.53.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. Alphabet’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.23 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 5.41 EPS 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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