Wealthcare Advisory Partners LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,620 shares of the information services provider’s stock after selling 472 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Alphabet were worth $4,732,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Bornite Capital Management LP bought a new position in shares of Alphabet in the first quarter worth approximately $16,688,000. Markel Corp boosted its holdings in Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank boosted its holdings in Alphabet by 5.9% in the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after acquiring an additional 113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Alphabet by 23.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock valued at $900,929,000 after acquiring an additional 61,427 shares in the last quarter. Finally, Dakota Wealth Management boosted its holdings in Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock valued at $25,806,000 after acquiring an additional 1,570 shares in the last quarter. 35.38% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the sale, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the sale, the director now directly owns 5,740 shares of the company’s stock, valued at approximately $721,231. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 157,952 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $12.74, for a total value of $2,012,308.48. Following the sale, the insider now owns 10,800,973 shares in the company, valued at approximately $137,604,396.02. The disclosure for this sale can be found here. Insiders have sold 615,832 shares of company stock valued at $22,776,264 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.
Analyst Ratings Changes
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Alphabet Trading Down 1.3 %
GOOGL stock opened at $129.66 on Thursday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $133.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The company has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.52 and a beta of 1.06. The business has a 50 day simple moving average of $123.73 and a two-hundred day simple moving average of $110.84.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The business had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $60.24 billion. During the same period in the prior year, the company posted $1.21 EPS. Research analysts anticipate that Alphabet Inc. will post 5.64 EPS for the current fiscal 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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