Guinness Atkinson Asset Management Inc decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,203 shares of the information services provider’s stock after selling 966 shares during the quarter. Alphabet makes up approximately 2.5% of Guinness Atkinson Asset Management Inc’s portfolio, making the stock its 19th biggest position. Guinness Atkinson Asset Management Inc’s holdings in Alphabet were worth $4,481,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of GOOGL. Spreng Capital Management Inc. raised its stake in shares of Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. raised its stake in shares of Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. raised its stake in shares of Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC raised its stake in shares of Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after purchasing an additional 7 shares during the last quarter. Finally, Weik Capital Management raised its stake in shares of Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.
Insider Transactions at Alphabet
In other news, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, the senior vice president now owns 76,580 shares in the company, valued at $7,922,966.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s 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 transaction, the senior vice president now owns 76,580 shares in the company, valued at approximately $7,922,966.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 29,006 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 24,277 shares in the company, valued at approximately $2,472,369.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 817,525 shares of company stock worth $29,433,168. Company insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Alphabet Trading Down 0.3 %
NASDAQ GOOGL opened at $123.10 on Wednesday. The stock’s 50-day simple moving average is $115.78 and its two-hundred day simple moving average is $102.68. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $129.04. 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 market capitalization of $1.56 trillion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.57 and a beta of 1.09.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data 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 firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. During the same quarter in the previous year, the business earned $1.23 earnings per share. Research analysts forecast that Alphabet Inc. will post 5.41 EPS for the current fiscal year.
Alphabet Profile
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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