High Net Worth Advisory Group LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,224 shares of the information services provider’s stock after selling 248 shares during the period. High Net Worth Advisory Group LLC’s holdings in Alphabet were worth $1,530,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Thomasville National Bank increased its position in Alphabet by 11.7% in the 3rd quarter. Thomasville National Bank now owns 9,469 shares of the information services provider’s stock valued at $1,570,000 after acquiring an additional 990 shares during the period. Martin Capital Advisors LLP increased its position in Alphabet by 0.5% in the 3rd quarter. Martin Capital Advisors LLP now owns 15,277 shares of the information services provider’s stock valued at $2,534,000 after acquiring an additional 79 shares during the period. Redhawk Wealth Advisors Inc. increased its position in Alphabet by 2.0% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 10,744 shares of the information services provider’s stock valued at $1,782,000 after acquiring an additional 215 shares during the period. Armstrong Advisory Group Inc. increased its position in Alphabet by 11.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 4,836 shares of the information services provider’s stock valued at $802,000 after acquiring an additional 511 shares during the period. Finally, Northcape Capital Pty Ltd increased its position in Alphabet by 3.6% in the 3rd quarter. Northcape Capital Pty Ltd now owns 29,757 shares of the information services provider’s stock valued at $4,935,000 after acquiring an additional 1,037 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 in the last quarter. 11.55% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
View Our Latest Report on Alphabet
Alphabet Price Performance
GOOGL stock opened at $164.07 on Tuesday. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock’s 50 day moving average price is $161.80 and its 200 day moving average price is $168.35. The firm has a market cap of $2.03 trillion, a P/E ratio of 25.16, a PEG ratio of 1.21 and a beta of 1.04.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. During the same quarter in the prior year, the company earned $1.44 EPS. On average, sell-side analysts expect that Alphabet Inc. will post 7.64 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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