Tanglewood Legacy Advisors LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 61.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 400 shares of the information services provider’s stock after selling 640 shares during the period. Tanglewood Legacy Advisors LLC’s holdings in Alphabet were worth $42,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Corrado Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $27,000. Gould Capital LLC raised its stake in shares of Alphabet by 2,150.0% during the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares during the period. My Personal CFO LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $34,000. Finally, Bellwether Advisors LLC raised its stake in shares of Alphabet by 9,400.0% during the 3rd quarter. Bellwether Advisors LLC now owns 380 shares of the information services provider’s stock valued at $36,000 after purchasing an additional 376 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.
Insider Activity at Alphabet
In related news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the sale, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The disclosure for this sale can be found here. Insiders sold 848,978 shares of company stock worth $27,492,109 in the last ninety days. 12.99% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Alphabet Trading Up 0.8 %
Shares of GOOG stock opened at $120.97 on Friday. The stock has a market capitalization of $1.54 trillion, a PE ratio of 26.94, a P/E/G ratio of 1.55 and a beta of 1.09. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $129.55. The business has a 50-day moving average of $118.76 and a 200 day moving average of $104.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.
Alphabet (NASDAQ:GOOG – Free Report) last issued its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. Alphabet’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 5.39 earnings per share 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.
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