Westwood Management Corp IL decreased its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 8.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 338,804 shares of the information services provider’s stock after selling 31,056 shares during the period. Alphabet comprises approximately 4.5% of Westwood Management Corp IL’s holdings, making the stock its 8th largest holding. Westwood Management Corp IL’s holdings in Alphabet were worth $35,236,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Corrado Advisors LLC acquired a new position in Alphabet in the 4th quarter valued at approximately $27,000. My Personal CFO LLC acquired a new position in Alphabet in the 4th quarter valued at approximately $34,000. Milestone Wealth LLC raised its holdings in Alphabet by 1,900.0% in the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 361 shares in the last quarter. Lowe Wealth Advisors LLC raised its holdings in Alphabet by 187.5% in the 4th quarter. Lowe Wealth Advisors LLC now owns 460 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 300 shares in the last quarter. Finally, Avondale Wealth Management acquired a new position in Alphabet in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 27.17% of the company’s stock.
Insider Activity
In other news, Director Kavitark Ram Shriram sold 31,240 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $116.82, for a total value of $3,649,456.80. Following the transaction, the director now owns 5,364 shares of the company’s stock, valued at approximately $626,622.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the purchase, the insider now owns 2,243,665 shares of the company’s stock, valued at approximately $63,585,466.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 31,240 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $116.82, for a total value of $3,649,456.80. Following the sale, the director now directly owns 5,364 shares in the company, valued at approximately $626,622.48. The disclosure for this sale can be found here. Insiders have sold a total of 864,122 shares of company stock valued at $29,751,580 in the last 90 days. 12.99% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Alphabet Stock Up 0.7 %
Shares of GOOG opened at $125.70 on Friday. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.60 and a beta of 1.06. 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 business’s fifty day moving average price is $121.68 and its two-hundred day moving average price is $106.79. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $129.55.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.23 EPS. On average, analysts predict 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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