Atwater Malick LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,510 shares of the information services provider’s stock after acquiring an additional 2,576 shares during the quarter. Alphabet comprises approximately 3.9% of Atwater Malick LLC’s portfolio, making the stock its 8th biggest holding. Atwater Malick LLC’s holdings in Alphabet were worth $8,351,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. TIAA FSB grew its holdings in Alphabet by 2.9% in the first quarter. TIAA FSB now owns 1,039,371 shares of the information services provider’s stock valued at $107,814,000 after purchasing an additional 29,685 shares during the last quarter. FCF Advisors LLC grew its holdings in Alphabet by 20.3% in the first quarter. FCF Advisors LLC now owns 31,613 shares of the information services provider’s stock valued at $3,279,000 after purchasing an additional 5,337 shares during the last quarter. Investment Research & Advisory Group Inc. grew its holdings in Alphabet by 1.5% in the first quarter. Investment Research & Advisory Group Inc. now owns 42,337 shares of the information services provider’s stock valued at $4,392,000 after purchasing an additional 621 shares during the last quarter. TrueWealth Advisors LLC grew its holdings in Alphabet by 22.8% in the first quarter. TrueWealth Advisors LLC now owns 3,448 shares of the information services provider’s stock valued at $358,000 after purchasing an additional 641 shares during the last quarter. Finally, Ballast Inc. grew its holdings in Alphabet by 16.3% in the first quarter. Ballast Inc. now owns 4,471 shares of the information services provider’s stock valued at $464,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.
Insider Transactions at Alphabet
In other news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of Alphabet stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $12.72, for a total value of $347,128.80. Following the completion of the transaction, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of Alphabet stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $12.72, for a total value of $347,128.80. Following the completion of the transaction, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now 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. In the last quarter, insiders sold 794,165 shares of company stock worth $23,767,530. 0.88% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Alphabet Price Performance
GOOGL stock opened at $119.90 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $129.04. The stock’s 50 day moving average is $118.69 and its two-hundred day moving average is $104.50. The company has a market capitalization of $1.52 trillion, a PE ratio of 26.70, a P/E/G ratio of 1.53 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL – Free Report) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping 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 company had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $57.19 billion. During the same period in the previous year, the business earned $1.23 EPS. Analysts predict 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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