Physician Wealth Advisors Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 23.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,028 shares of the information services provider’s stock after selling 1,250 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in Alphabet were worth $423,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GOOG. Vanguard Group Inc. lifted its holdings in Alphabet by 1,885.5% in the third 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 during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after buying an additional 192,607,045 shares during the last quarter. State Street Corp raised its stake in shares of Alphabet by 1,851.7% during the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after buying an additional 186,809,281 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Alphabet by 61,587.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after buying an additional 129,835,437 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Alphabet by 1,862.3% during the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock worth $6,075,223,000 after buying an additional 59,964,963 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.
Insider Transactions at Alphabet
In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the completion of the sale, the chief accounting officer now owns 25,937 shares in the company, valued at approximately $2,788,486.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction that occurred 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 directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the transaction, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 832,682 shares of company stock worth $26,077,123. 12.99% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Alphabet Stock Down 1.4 %
GOOG opened at $120.93 on Friday. 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 stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. The business has a 50-day moving average of $119.97 and a two-hundred day moving average of $105.36. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $129.55.
Alphabet (NASDAQ:GOOG – Free Report) last issued its 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. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion during the quarter, compared to analysts’ expectations of $68.80 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current year.
About Alphabet
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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