Beacon Financial Group lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,758 shares of the information services provider’s stock after selling 2,073 shares during the period. Beacon Financial Group’s holdings in Alphabet were worth $1,578,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after acquiring an additional 453,413,389 shares during the last quarter. State Street Corp grew its holdings in Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after buying an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after buying an additional 170,267,122 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Alphabet by 1,759.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after buying an additional 109,870,525 shares in the last quarter. Finally, Norges Bank acquired a new position in Alphabet in the 4th quarter valued at $8,335,063,000. Institutional investors own 35.38% of the company’s stock.
Insider Activity
In other news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $15.06, for a total value of $563,319.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of Alphabet stock in a transaction on Wednesday, May 3rd. The shares were 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 owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $15.06, for a total value of $563,319.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 825,924 shares of company stock valued at $27,042,517. Insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
Alphabet Trading Down 0.0 %
Shares of GOOGL stock opened at $118.33 on Wednesday. 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 business has a 50-day moving average price of $117.21 and a two-hundred day moving average price of $103.56. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $129.04. The firm has a market cap of $1.50 trillion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.09.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results 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. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. During the same quarter in the previous year, the company posted $1.23 EPS. Equities analysts anticipate that Alphabet Inc. will post 5.41 EPS for the current fiscal year.
Alphabet Company 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 Articles
- Get a free research report on Alphabet from StockNews.com
- Meta Platforms Soars with Analysts Bullish on AI-Driven Ad Growth
- Delta Airlines Is Flying Higher On Upbeat Guidance
- Here’s How to Rank the 3 Biggest Video Game Stocks
- Redfin: Contrasting Analyst Bearishness With Market Optimism
- Five stocks we like better than Alphabet
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – 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.
