Matrix Private Capital Group LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 25.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,260 shares of the information services provider’s stock after selling 755 shares during the period. Matrix Private Capital Group LLC’s holdings in Alphabet were worth $235,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in GOOG. Corrado Advisors LLC bought a new position in Alphabet in the 4th quarter worth approximately $27,000. Mark Sheptoff Financial Planning LLC increased its position in Alphabet by 142.9% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock worth $35,000 after buying an additional 200 shares during the period. Milestone Wealth LLC increased its position in Alphabet by 1,900.0% in the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock worth $37,000 after buying an additional 361 shares during the period. Bbjs Financial Advisors LLC bought a new position in Alphabet in the 4th quarter worth approximately $48,000. Finally, GW&K Investment Management LLC bought a new position in Alphabet in the 1st quarter worth approximately $50,000. 27.13% of the stock is owned by institutional investors.
Insider Activity at Alphabet
In related news, insider John Kent Walker sold 42,900 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.51, for a total value of $5,856,279.00. Following the completion of the sale, the insider now owns 10,383 shares in the company, valued at $1,417,383.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, insider John Kent Walker sold 42,900 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.51, for a total value of $5,856,279.00. Following the completion of the sale, the insider now directly owns 10,383 shares in the company, valued at $1,417,383.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 3,749 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total value of $510,913.72. Following the completion of the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at $3,484,407.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,989 shares of company stock worth $13,311,676. 12.99% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on GOOG
Alphabet Trading Up 0.7 %
Shares of GOOG opened at $137.20 on Monday. 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 Inc. has a 12-month low of $83.45 and a 12-month high of $138.58. The firm has a market capitalization of $1.73 trillion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The stock’s fifty day simple moving average is $128.54 and its 200-day simple moving average is $116.83.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued 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. The business had revenue of $74.60 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 5.68 earnings per share for the current year.
Alphabet Company 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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