Retirement Income Solutions Inc raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,575 shares of the information services provider’s stock after purchasing an additional 615 shares during the period. Retirement Income Solutions Inc’s holdings in Alphabet were worth $786,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Live Oak Investment Partners bought a new stake in shares of Alphabet during the 4th quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Alphabet during the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $38,000. IAG Wealth Partners LLC lifted its holdings in shares of Alphabet by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after acquiring an additional 200 shares during the period. Finally, AM Squared Ltd bought a new stake in shares of Alphabet during the 4th quarter worth approximately $44,000. Institutional investors own 35.38% of the company’s stock.
Insider Buying and Selling
In related news, 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 transaction of $2,012,308.48. Following the transaction, the insider now directly owns 10,800,973 shares of the company’s stock, valued at $137,604,396.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, Director Kavitark Ram Shriram sold 75,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $120.01, for a total value of $9,000,750.00. Following the transaction, the director now directly owns 32,240 shares of the company’s stock, valued at $3,869,122.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 157,952 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $12.74, for a total transaction of $2,012,308.48. Following the completion of the transaction, the insider now directly owns 10,800,973 shares in the company, valued at $137,604,396.02. The disclosure for this sale can be found here. Insiders have sold a total of 588,742 shares of company stock valued at $22,455,363 over the last ninety days. 0.88% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
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Shares of NASDAQ GOOGL opened at $129.56 on Friday. The firm 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. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $133.74. The company’s fifty day simple moving average is $123.85 and its 200 day simple moving average is $110.97. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.12. The business had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. During the same period in the prior year, the firm earned $1.21 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.64 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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