Spinnaker Trust increased its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,527 shares of the information services provider’s stock after purchasing an additional 2,617 shares during the period. Alphabet accounts for 0.9% of Spinnaker Trust’s portfolio, making the stock its 23rd largest holding. Spinnaker Trust’s holdings in Alphabet were worth $11,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Totem Point Management LLC raised its position in shares of Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after acquiring an additional 571 shares during the last quarter. Somerville Kurt F raised its position in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the last quarter. BCK Partners Inc. bought a new stake in shares of Alphabet in the 1st quarter valued at $2,564,000. Hall Capital Management Co. Inc. increased its position in shares of Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after buying an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. increased its position in shares of Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after buying an additional 214 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the completion of the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at $2,788,486.87. The disclosure for this sale can be found here. Insiders have sold a total of 877,364 shares of company stock valued at $30,371,135 in the last three months. 12.99% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Alphabet Stock Down 0.7 %
Shares of GOOG stock opened at $123.02 on Monday. 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 firm’s 50-day moving average is $117.33 and its 200-day moving average is $103.81. The stock has a market cap of $1.56 trillion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.57 and a beta of 1.09. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $129.55.
Alphabet (NASDAQ:GOOG – Get Rating) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The company had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. Alphabet’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. Sell-side analysts predict that Alphabet Inc. will post 5.41 EPS for the current 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.
Featured Stories
- Get a free research report on Alphabet from StockNews.com
- MarketBeat Week in Review – 6/19 – 6/23
- CarMax Stock Flying On Earnings Beat, Return Of The Highs?
- Commercial Metals Company Shakes Off The Rust: Confirms Uptrend
- Smith & Wesson, A Timeless Value Play At Decade Lows
- Five stocks we like better than Alphabet
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Get Rating).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
