MJP Associates Inc. ADV lowered its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,835 shares of the information services provider’s stock after selling 94 shares during the period. MJP Associates Inc. ADV’s holdings in Alphabet were worth $815,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Corrado Advisors LLC acquired a new stake in Alphabet during the 4th quarter valued at $27,000. Gould Capital LLC grew its holdings in 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 buying an additional 301 shares during the last quarter. Essex Investment Management Co. LLC grew its holdings in 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 buying an additional 304 shares during the last quarter. My Personal CFO LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $34,000. Finally, Bellwether Advisors LLC boosted its holdings in shares of Alphabet by 9,400.0% during the third quarter. Bellwether Advisors LLC now owns 380 shares of the information services provider’s stock worth $36,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.
Insider Buying and Selling
In related news, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $120.02, for a total value of $28,804.80. Following the completion of the transaction, the director now directly owns 13,040 shares in the company, valued at $1,565,060.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the sale, the director now owns 5,740 shares of the company’s stock, valued at $721,231. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $120.02, for a total value of $28,804.80. Following the sale, the director now directly owns 13,040 shares in the company, valued at approximately $1,565,060.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 848,978 shares of company stock worth $27,492,109. Corporate insiders own 12.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Alphabet Stock Up 0.8 %
Shares of NASDAQ GOOG opened at $120.97 on Friday. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $129.55. The firm has a market cap of $1.54 trillion, a price-to-earnings ratio of 26.94, a PEG ratio of 1.55 and a beta of 1.09. 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 stock’s 50-day simple moving average is $118.76 and its 200-day simple moving average is $104.58.
Alphabet (NASDAQ:GOOG – Free Report) last posted its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 5.39 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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