SFG Wealth Management LLC. increased its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 6.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,325 shares of the information services provider’s stock after purchasing an additional 320 shares during the period. Alphabet accounts for about 0.6% of SFG Wealth Management LLC.’s holdings, making the stock its 28th biggest holding. SFG Wealth Management LLC.’s holdings in Alphabet were worth $554,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Alphabet by 1,885.5% during the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after acquiring an additional 400,930,216 shares during the last quarter. BlackRock Inc. raised its stake in Alphabet by 1,857.3% during the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after acquiring an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after acquiring an additional 192,607,045 shares during the last quarter. State Street Corp raised its stake in Alphabet by 1,851.7% during the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after acquiring an additional 186,809,281 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in Alphabet by 61,587.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after acquiring an additional 129,835,437 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alphabet
In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the completion of the acquisition, the insider now directly owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of Alphabet stock in a transaction on 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 $161,385,455.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of Alphabet stock in a transaction that occurred on Wednesday, May 3rd. The stock was purchased at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the acquisition, the insider now directly owns 2,243,665 shares of the company’s stock, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. Insiders have sold 877,364 shares of company stock worth $30,371,135 over the last quarter. 12.99% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Alphabet Stock Performance
Alphabet stock opened at $123.87 on Friday. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $129.55. The stock has a fifty day moving average of $117.06 and a two-hundred day moving average of $103.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.58 and a beta of 1.09.
Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $68.80 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post 5.41 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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