KMG Fiduciary Partners LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 10.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 21,715 shares of the information services provider’s stock after buying an additional 2,047 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Alphabet were worth $2,258,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Monarch Capital Management Inc. lifted its holdings in Alphabet by 4.0% during the fourth quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock valued at $3,612,000 after purchasing an additional 1,562 shares during the last quarter. Grand Jean Capital Management Inc. lifted its holdings in Alphabet by 1,926.2% during the third quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock valued at $13,186,000 after purchasing an additional 130,367 shares during the last quarter. Matthew Goff Investment Advisor LLC lifted its holdings in Alphabet by 4.2% during the fourth quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock valued at $655,000 after purchasing an additional 300 shares during the last quarter. Gould Capital LLC lifted its holdings in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after buying an additional 301 shares in the last quarter. Finally, Clarity Financial LLC lifted its holdings in shares of Alphabet by 2,118.6% in the third quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock worth $5,935,000 after buying an additional 58,940 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was purchased at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the completion of the purchase, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder 2019 Gp L.L.C. Gv sold 157,952 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $12.74, for a total value of $2,012,308.48. Following the completion of the sale, the insider now owns 10,800,973 shares of the company’s stock, valued at $137,604,396.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average cost of $28.34 per share, with a total value of $8,783,444.54. Following the purchase, the insider now directly owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 877,364 shares of company stock valued at $30,371,135. 12.99% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Alphabet Stock Down 0.7 %
Shares of NASDAQ GOOG opened at $123.02 on Monday. Alphabet Inc. has a one year low of $83.45 and a one year high of $129.55. 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 firm’s 50 day simple moving average is $117.33 and its two-hundred day simple moving average is $103.81. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 27.40, a PEG ratio of 1.57 and a beta of 1.09.
Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 earnings per share. As a group, analysts expect 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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