Vishria Bird Financial Group LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,237 shares of the information services provider’s stock after selling 614 shares during the quarter. Alphabet accounts for 3.6% of Vishria Bird Financial Group LLC’s holdings, making the stock its 12th largest position. Vishria Bird Financial Group LLC’s holdings in Alphabet were worth $5,626,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in GOOGL. Bornite Capital Management LP acquired a new stake in shares of Alphabet during the 1st quarter worth approximately $16,688,000. Markel Corp boosted its position in shares of Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank boosted its position in shares of Alphabet by 5.9% during the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after acquiring an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Alphabet by 23.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after acquiring an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after buying an additional 1,570 shares in the last quarter. 35.38% of the stock is owned by institutional investors.
Insider Transactions at Alphabet
In other news, Director Frances Arnold sold 240 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $120.02, for a total transaction of $28,804.80. Following the completion of the sale, the director now directly owns 13,040 shares of the company’s stock, valued at $1,565,060.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Frances Arnold sold 240 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $120.02, for a total transaction of $28,804.80. Following the completion of the sale, the director now directly owns 13,040 shares of the company’s stock, valued at $1,565,060.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the business’s 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 sale, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The disclosure for this sale can be found here. Insiders sold a total of 826,544 shares of company stock valued at $27,117,461 over the last three months. Corporate insiders own 0.88% of the company’s stock.
Analyst Upgrades and Downgrades
Alphabet Trading Up 0.5 %
GOOGL opened at $119.70 on Friday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $129.04. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.52 trillion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The company has a fifty day moving average price of $118.09 and a two-hundred day moving average price of $103.96.
Alphabet (NASDAQ:GOOGL – Free Report) last posted its quarterly 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. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. Analysts predict that Alphabet Inc. will post 5.39 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.
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