Roberts Glore & Co. Inc. IL reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 50,526 shares of the information services provider’s stock after selling 162 shares during the period. Alphabet accounts for about 1.8% of Roberts Glore & Co. Inc. IL’s holdings, making the stock its 11th biggest holding. Roberts Glore & Co. Inc. IL’s holdings in Alphabet were worth $5,241,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Live Oak Investment Partners purchased a new stake in Alphabet during the 4th quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Alphabet during the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. purchased a new stake in Alphabet during the 3rd quarter valued at approximately $38,000. IAG Wealth Partners LLC raised its stake in Alphabet by 100.0% during the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 200 shares during the last quarter. Finally, AM Squared Ltd purchased a new stake in Alphabet during the 4th quarter valued at approximately $44,000. 35.38% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Alphabet
In related news, major shareholder 2019 Gp L.L.C. Gv sold 63,212 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $13.88, for a total value of $877,382.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder 2019 Gp L.L.C. Gv sold 63,212 shares of Alphabet stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $13.88, for a total transaction of $877,382.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $125.00, for a total value of $100,000.00. Following the sale, the director now directly owns 5,940 shares in the company, valued at $742,500. The disclosure for this sale can be found here. In the last three months, insiders sold 340,790 shares of company stock worth $11,250,754. Corporate insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on GOOGL
Alphabet Stock Down 1.2 %
Shares of NASDAQ GOOGL opened at $129.78 on Wednesday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $133.74. The company has a market cap of $1.64 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.49 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $124.11 and a 200 day moving average price of $111.84.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating 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 firm 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 firm earned $1.21 EPS. Research analysts anticipate that Alphabet Inc. will post 5.67 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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