Blue Zone Wealth Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,560 shares of the information services provider’s stock after purchasing an additional 300 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Alphabet were worth $682,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mason & Associates Inc raised its position in Alphabet by 26.1% during the 1st quarter. Mason & Associates Inc now owns 6,200 shares of the information services provider’s stock valued at $645,000 after purchasing an additional 1,285 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. raised its position in Alphabet by 5.6% during the 1st quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,434 shares of the information services provider’s stock valued at $253,000 after purchasing an additional 128 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of Alphabet by 5.6% in the 1st quarter. Princeton Global Asset Management LLC now owns 27,350 shares of the information services provider’s stock worth $2,844,000 after acquiring an additional 1,450 shares in the last quarter. Daymark Wealth Partners LLC raised its position in shares of Alphabet by 74.7% in the 1st quarter. Daymark Wealth Partners LLC now owns 19,268 shares of the information services provider’s stock worth $2,004,000 after acquiring an additional 8,241 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in shares of Alphabet by 1.5% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 82,666 shares of the information services provider’s stock worth $8,597,000 after acquiring an additional 1,222 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.
Insider Transactions at Alphabet
In other news, SVP Prabhakar Raghavan sold 16,083 shares of the firm’s stock in a transaction 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 approximately $15,282,738.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $15,282,738.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was 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 directly owns 107,240 shares in the company, valued at $11,264,489.60. The disclosure for this sale can be found here. Insiders have sold a total of 832,682 shares of company stock worth $26,077,123 in the last ninety days. Insiders own 12.99% of the company’s stock.
Wall Street Analysts Forecast Growth
Alphabet Stock Performance
Shares of GOOG opened at $120.14 on Friday. The business’s fifty day simple moving average is $120.21 and its two-hundred day simple moving average is $105.57. 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 Inc. has a 12 month low of $83.45 and a 12 month high of $129.55. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.57 and a beta of 1.06.
Alphabet (NASDAQ:GOOG – Free Report) last released its quarterly 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. The firm had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business posted $1.23 EPS. Research analysts anticipate 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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