Marshall Financial Group LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,279 shares of the information services provider’s stock after selling 1,965 shares during the quarter. Alphabet accounts for approximately 1.1% of Marshall Financial Group LLC’s holdings, making the stock its 20th largest holding. Marshall Financial Group LLC’s holdings in Alphabet were worth $3,045,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. DC Investments Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $115,000. Guardian Wealth Management Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at about $184,000. Turim 21 Investimentos Ltda. raised its stake in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares during the period. qPULA Trading Management LP acquired a new stake in shares of Alphabet in the 1st quarter valued at about $279,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $294,000. Institutional investors and hedge funds own 27.17% of the company’s stock.
Insider Buying and Selling
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 240 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $120.02, for a total value of $28,804.80. Following the sale, the director now owns 13,040 shares of the company’s stock, valued at approximately $1,565,060.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36. Following the completion of the sale, the insider now directly owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. Insiders have sold 816,599 shares of company stock valued at $24,142,177 over the last 90 days. 12.99% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Alphabet Trading Up 0.8 %
Shares of NASDAQ:GOOG opened at $120.97 on Monday. The company has a market capitalization of $1.54 trillion, a P/E ratio of 26.94, a P/E/G ratio of 1.54 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 company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The business’s 50 day simple moving average is $118.76 and its 200 day simple moving average is $104.71.
Alphabet (NASDAQ:GOOG – Free Report) last issued its quarterly 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. The business had revenue of $69.79 billion for 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 firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 5.39 EPS 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.
Featured Stories
- Five stocks we like better than Alphabet
- MarketBeat Week in Review – 6/26 – 6/30
- Tesla: Can Downgrades Make Sense After A 170% Rally?
- Buffett’s Berkshire Increases Stake In Occidental Petroleum (OXY)
- Rally Gains Momentum On Soft PCE Data
- Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).
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.
