Capital Analysts LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,921 shares of the information services provider’s stock after selling 517 shares during the period. Capital Analysts LLC’s holdings in Alphabet were worth $3,103,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FourThought Financial Partners LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $5,415,000. Glenview Trust Co grew its holdings in shares of Alphabet by 10.7% during the fourth quarter. Glenview Trust Co now owns 458,830 shares of the information services provider’s stock valued at $40,483,000 after buying an additional 44,278 shares during the last quarter. Hallmark Capital Management Inc. grew its holdings in shares of Alphabet by 8.9% during the first quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock valued at $17,338,000 after buying an additional 13,605 shares during the last quarter. Bfsg LLC boosted its holdings in Alphabet by 160.5% during the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after purchasing an additional 4,975 shares during the last quarter. Finally, Marcum Wealth LLC boosted its holdings in Alphabet by 4.8% during the first quarter. Marcum Wealth LLC now owns 20,372 shares of the information services provider’s stock worth $2,113,000 after purchasing an additional 927 shares during the last quarter. 35.38% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $131.14, for a total value of $26,228.00. Following the completion of the transaction, the director now owns 5,340 shares of the company’s stock, valued at approximately $700,287.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $131.14, for a total value of $26,228.00. Following the completion of the transaction, the director now owns 5,340 shares of the company’s stock, valued at approximately $700,287.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $130.95, for a total transaction of $30,118.50. Following the completion of the sale, the director now directly owns 13,329 shares of the company’s stock, valued at approximately $1,745,432.55. The disclosure for this sale can be found here. Insiders sold a total of 588,742 shares of company stock valued at $22,455,363 in the last quarter. Corporate insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Alphabet
Alphabet Price Performance
GOOGL stock opened at $129.56 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. Alphabet Inc. has a one year low of $83.34 and a one year high of $133.74. The stock has a market cap of $1.63 trillion, a PE ratio of 27.45, a P/E/G ratio of 1.50 and a beta of 1.06. The firm has a 50 day simple moving average of $123.85 and a two-hundred day simple moving average of $110.97.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The business had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $60.24 billion. During the same quarter in the previous year, the company earned $1.21 EPS. On average, analysts predict that Alphabet Inc. will post 5.64 EPS 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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