1 week Ago By ABMN Staff
Cahaba Wealth Management Inc. decreased its holdings in Alphabet Inc. ( NASDAQ:GOOG – Free Report ) by 2.
6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,423 shares of the information services provider’s stock after selling 146 shares during the quarter. Cahaba Wealth Management Inc.
’s holdings in Alphabet were worth $995,000 as of its most recent filing with the SEC. Other hedge funds have also recently bought and sold shares of the company. Twelve Points Wealth Management LLC boosted its stake in Alphabet by 0.
7% in the second quarter. Twelve Points Wealth Management LLC now owns 7,985 shares of the information services provider’s stock valued at $1,465,000 after acquiring an additional 55 shares during the last quarter. PCG Wealth Advisors LLC lifted its stake in Alphabet by 3.
1% in the 2nd quarter. PCG Wealth Advisors LLC now owns 1,880 shares of the information services provider’s stock valued at $345,000 after acquiring an additional 57 shares in the last quarter. Investment Advisory Services Inc.
TX ADV boosted its position in Alphabet by 1.6% during the second quarter. Investment Advisory Services Inc.
TX ADV now owns 3,636 shares of the information services provider’s stock valued at $667,000 after purchasing an additional 57 shares during the last quarter. Advisors Management Group Inc. ADV boosted its holdings in shares of Alphabet by 2.
0% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 2,944 shares of the information services provider’s stock valued at $540,000 after buying an additional 58 shares during the last quarter.
Finally, Mark Sheptoff Financial Planning LLC grew its stake in shares of Alphabet by 11.1% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 600 shares of the information services provider’s stock valued at $91,000 after buying an additional 60 shares in the last quarter.
Institutional investors and hedge funds own 27.26% of the company’s stock. Insider Buying and Selling In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, September 4th.
The stock was sold at an average price of $158.68, for a total transaction of $3,570,300.00.
Following the completion of the transaction, the chief executive officer now directly owns 2,137,385 shares in the company, valued at $339,160,251.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $158.68, for a total transaction of $3,570,300.
00. Following the completion of the sale, the chief executive officer now directly owns 2,137,385 shares in the company, valued at approximately $339,160,251.80.
The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 12th.
The shares were sold at an average price of $177.92, for a total value of $266,880.00.
Following the completion of the transaction, the director now directly owns 3,727 shares in the company, valued at $663,107.84. The disclosure for this sale can be found here .
Insiders sold a total of 200,532 shares of company stock valued at $34,055,874 in the last three months. Insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In View Our Latest Stock Analysis on GOOG Alphabet Trading Down 4.1 % NASDAQ GOOG opened at $152.13 on Monday.
The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.
22 and a beta of 1.04. Alphabet Inc.
has a twelve month low of $121.46 and a twelve month high of $193.31.
The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.
04. The business’s fifty day moving average is $172.50 and its 200 day moving average is $165.
93. Alphabet ( NASDAQ:GOOG – Get Free Report ) last released its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.
89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04.
Alphabet had a return on equity of 30.49% and a net margin of 26.70%.
The company had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $84.22 billion.
During the same period in the previous year, the business posted $1.44 earnings per share. The business’s quarterly revenue was up 13.
6% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 7.
63 EPS for the current fiscal year. Alphabet Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Monday, September 9th will be paid a $0.
20 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.
80 annualized dividend and a dividend yield of 0.53%. Alphabet’s dividend payout ratio is 12.
27%. Alphabet Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc.
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