Clay Northam Wealth Management LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,966 shares of the information services provider’s stock after selling 385 shares during the period. Alphabet accounts for about 4.1% of Clay Northam Wealth Management LLC’s investment portfolio, making the stock its 8th largest position. Clay Northam Wealth Management LLC’s holdings in Alphabet were worth $3,948,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Alphabet by 1,885.5% in the 3rd quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after acquiring an additional 400,930,216 shares in the last quarter. BlackRock Inc. raised its stake in shares of Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after acquiring an additional 345,962,033 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Alphabet by 1,770.6% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after acquiring an additional 192,607,045 shares in the last quarter. State Street Corp raised its stake in shares of Alphabet by 1,851.7% in the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after acquiring an additional 186,809,281 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Alphabet by 61,587.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after acquiring an additional 129,835,437 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at $721,231. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $120.02, for a total transaction of $28,804.80. Following the sale, the director now owns 13,040 shares in the company, valued at $1,565,060.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total value of $25,130.00. Following the sale, the director now owns 5,740 shares in the company, valued at approximately $721,231. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 816,599 shares of company stock valued at $24,142,177. Company insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In
Alphabet Trading Down 0.3 %
Shares of GOOG opened at $120.56 on Wednesday. The stock has a fifty day moving average price of $119.36 and a two-hundred day moving average price of $105.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $129.55. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.55 and a beta of 1.07.
Alphabet (NASDAQ:GOOG – Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The firm had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict 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.
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