Abacus Wealth Partners LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,253 shares of the information services provider’s stock after purchasing an additional 140 shares during the quarter. Abacus Wealth Partners LLC’s holdings in Alphabet were worth $389,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Alphabet by 1,919.4% during 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 purchasing an additional 453,413,389 shares during the period. State Street Corp boosted its position in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after acquiring an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Alphabet by 111,197.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after acquiring an additional 170,267,122 shares during the period. Geode Capital Management LLC boosted its position in Alphabet by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock worth $12,271,705,000 after acquiring an additional 1,499,107 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Alphabet by 1,759.2% during 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 acquiring an additional 109,870,525 shares during the period. Institutional investors and hedge funds own 35.08% of the company’s stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $139.93, for a total transaction of $27,986.00. Following the transaction, the director now directly owns 7,384 shares in the company, valued at $1,033,243.12. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Alphabet news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $139.93, for a total transaction of $27,986.00. Following the transaction, the director now directly owns 7,384 shares in the company, valued at $1,033,243.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 3,749 shares of Alphabet stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the transaction, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The disclosure for this sale can be found here. Insiders have sold a total of 101,091 shares of company stock worth $13,530,462 over the last three months. Corporate insiders own 0.88% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Alphabet
Alphabet Price Performance
NASDAQ GOOGL opened at $137.36 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $1.73 trillion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $141.22. The company has a 50 day moving average price of $133.51 and a two-hundred day moving average price of $122.88.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings data 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 during 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 quarter in the previous year, the business earned $1.21 EPS. As a group, equities analysts predict that Alphabet Inc. will post 5.68 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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