Catalyst Private Wealth LLC cut its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,198 shares of the information services provider’s stock after selling 637 shares during the quarter. Alphabet comprises 1.0% of Catalyst Private Wealth LLC’s holdings, making the stock its 25th biggest position. Catalyst Private Wealth LLC’s holdings in Alphabet were worth $1,477,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Corrado Advisors LLC acquired a new position in Alphabet during the 4th quarter valued at about $27,000. Gould Capital LLC increased its stake in Alphabet by 2,150.0% during the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after buying an additional 301 shares during the period. Essex Investment Management Co. LLC increased its stake in Alphabet by 1,900.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after buying an additional 304 shares during the period. My Personal CFO LLC acquired a new position in Alphabet during the 4th quarter valued at about $34,000. Finally, Milestone Wealth LLC increased its stake in Alphabet by 1,900.0% during the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after buying an additional 361 shares during the period. 27.17% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 240 shares of Alphabet stock in a transaction that occurred on 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 owns 13,040 shares of the company’s stock, valued at $1,565,060.80. The disclosure for this sale can be found here. Insiders sold 832,682 shares of company stock worth $26,077,123 over the last ninety days. 12.99% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Alphabet Stock Performance
GOOG stock opened at $120.93 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The stock has a market cap of $1.54 trillion, a P/E ratio of 26.93, a P/E/G ratio of 1.54 and a beta of 1.06. The firm has a 50 day simple moving average of $119.97 and a 200 day simple moving average of $105.36. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $129.55.
Alphabet (NASDAQ:GOOG – Free Report) last posted its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. Research analysts anticipate that Alphabet Inc. will post 5.39 earnings per share 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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