Navalign LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,326 shares of the information services provider’s stock after selling 118 shares during the quarter. Navalign LLC’s holdings in Alphabet were worth $658,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Advisors Network Inc. boosted its stake in shares of Alphabet by 4.5% in the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after acquiring an additional 7 shares during the period. Turim 21 Investimentos Ltda. boosted its stake in shares of Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the period. West Michigan Advisors LLC boosted its stake in shares of Alphabet by 3.7% in the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after acquiring an additional 9 shares during the period. Somerville Kurt F boosted its stake in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its position in shares of Alphabet by 1.4% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $3,301,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.
Insider Activity
In other news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $105.04, for a total value of $3,939,000.00. Following the completion of the transaction, the director now owns 107,240 shares in the company, valued at approximately $11,264,489.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 816,599 shares of company stock worth $24,142,177. Company insiders own 12.99% of the company’s stock.
Analysts Set New Price Targets
Alphabet Stock Down 0.3 %
NASDAQ:GOOG opened at $120.56 on Wednesday. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $129.55. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.55 and a beta of 1.07. The stock has a fifty day simple moving average of $119.36 and a 200-day simple moving average of $105.13. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOG – Free Report) last announced its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.06 by $0.11. The firm had revenue of $69.79 billion for the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 earnings per share. Analysts anticipate that Alphabet Inc. will post 5.39 EPS for the current 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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