Campbell Wealth Management purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,760 shares of the information services provider’s stock, valued at approximately $211,000.
Several other large investors have also recently added to or reduced their stakes 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 boosted its position in shares of 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 valued at $20,770,809,000 after acquiring an additional 206,300,042 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in Alphabet by 111,197.8% in 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 acquiring an additional 170,267,122 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Alphabet by 1,759.2% during the third 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 purchasing an additional 109,870,525 shares during the period. Finally, Norges Bank acquired a new stake in Alphabet during the fourth quarter valued at approximately $8,335,063,000. Institutional investors and hedge funds own 35.08% of the company’s stock.
Insiders Place Their Bets
In related news, CAO Amie Thuener O’toole sold 3,749 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 3,749 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer now directly owns 25,568 shares in the company, valued at $3,484,407.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 220 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $121.75, for a total transaction of $26,785.00. Following the completion of the transaction, the director now directly owns 4,759 shares of the company’s stock, valued at $579,408.25. The disclosure for this sale can be found here. Insiders sold 101,091 shares of company stock worth $13,530,462 over the last ninety days. 0.88% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
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Alphabet Stock Down 1.6 %
Shares of NASDAQ GOOGL opened at $135.60 on Friday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $141.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. The stock has a market cap of $1.71 trillion, a P/E ratio of 28.73, a P/E/G ratio of 1.58 and a beta of 1.06. The firm has a 50 day moving average price of $134.28 and a 200 day moving average price of $124.11.
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 for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $60.24 billion. During the same period last year, the firm posted $1.21 earnings per share. Analysts expect that Alphabet Inc. will post 5.68 EPS 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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