Parsons Capital Management Inc. RI decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,154 shares of the information services provider’s stock after selling 197 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Alphabet were worth $5,632,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Totem Point Management LLC raised its stake in Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after acquiring an additional 571 shares in the last quarter. Somerville Kurt F raised its stake in Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares in the last quarter. BCK Partners Inc. acquired a new position in Alphabet during the first quarter worth about $2,564,000. Hall Capital Management Co. Inc. raised its stake in Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. raised its stake in Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after acquiring 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, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at approximately $2,788,486.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the completion of the sale, the director now directly owns 107,240 shares of the company’s stock, valued at approximately $11,264,489.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the sale, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 848,738 shares of company stock worth $27,463,304. Corporate insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Alphabet Price Performance
Shares of GOOG opened at $121.08 on Thursday. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $129.55. The business’s fifty day moving average is $118.18 and its 200 day moving average is $104.28. 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 stock has a market cap of $1.54 trillion, a P/E ratio of 26.97, a P/E/G ratio of 1.52 and a beta of 1.09.
Alphabet (NASDAQ:GOOG – Free Report) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $68.80 billion. During the same period last year, the business earned $1.23 EPS. Alphabet’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet Inc. will post 5.41 earnings per share 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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