Golden Green Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 6,548 shares of the information services provider’s stock, valued at approximately $784,000.
Several other hedge funds have also made changes to their positions in GOOGL. Vanguard Group Inc. increased its holdings in Alphabet by 1,919.4% in the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after buying an additional 453,413,389 shares during the period. State Street Corp raised its position in Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Alphabet by 1,759.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after buying an additional 109,870,525 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Alphabet during the 4th quarter worth approximately $8,335,063,000. Institutional investors own 35.08% of the company’s stock.
Insider Transactions at Alphabet
In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction 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 $700,287.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Amie Thuener O’toole sold 3,749 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total transaction of $510,913.72. Following the transaction, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $131.14, for a total transaction of $26,228.00. Following the transaction, the director now owns 5,340 shares in the company, valued at $700,287.60. The disclosure for this sale can be found here. Insiders sold 96,092 shares of company stock valued at $12,221,941 over the last quarter. Corporate insiders own 0.88% of the company’s stock.
Analyst Ratings Changes
View Our Latest Analysis on GOOGL
Alphabet Stock Down 0.1 %
Shares of GOOGL stock opened at $130.25 on Friday. The firm has a fifty day moving average of $130.97 and a 200-day moving average of $118.95. 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 $83.34 and a 12-month high of $139.16. The company has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.50 and a beta of 1.06.
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its quarterly earnings data 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. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The company had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $60.24 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 5.68 earnings per share 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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