Parisi Gray Wealth Management grew its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 275.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,341 shares of the information services provider’s stock after buying an additional 11,260 shares during the quarter. Parisi Gray Wealth Management’s holdings in Alphabet were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. DC Investments Management LLC acquired a new position in Alphabet during the 1st quarter worth $115,000. Guardian Wealth Management Inc. acquired a new position in Alphabet during the 1st quarter worth $184,000. Turim 21 Investimentos Ltda. grew its stake in Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares in the last quarter. qPULA Trading Management LP acquired a new position in Alphabet during the 1st quarter worth $279,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in Alphabet by 29.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after purchasing an additional 26 shares in the last quarter. 27.13% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the sale, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 42,900 shares of the stock in a transaction on 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 transaction, the insider now directly owns 10,383 shares in the company, valued at approximately $1,417,383.33. The disclosure for this sale can be found here. Insiders have sold a total of 95,712 shares of company stock worth $12,175,801 in the last quarter. Company insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on Alphabet
Alphabet Stock Performance
NASDAQ GOOG opened at $131.25 on Monday. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.51 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 business’s 50 day moving average is $131.62 and its two-hundred day moving average is $119.76. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $139.93.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The business had revenue of $74.60 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Research analysts expect that Alphabet Inc. will post 5.68 EPS for the current 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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