2 weeks Ago By ABMN Staff
Arnhold LLC cut its stake in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 0.3% during the second quarter, Holdings Channel.
com reports. The institutional investor owned 237,981 shares of the information services provider’s stock after selling 754 shares during the quarter. Alphabet accounts for about 4.
6% of Arnhold LLC’s investment portfolio, making the stock its 3rd biggest holding. Arnhold LLC’s holdings in Alphabet were worth $43,348,000 at the end of the most recent reporting period. Several other hedge funds have also recently made changes to their positions in GOOGL.
Christopher J. Hasenberg Inc lifted its stake in Alphabet by 75.0% during the 2nd quarter.
Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Alphabet during the fourth quarter worth $30,000.
Tributary Capital Management LLC acquired a new position in Alphabet during the first quarter valued at $30,000. Kings Path Partners LLC purchased a new stake in Alphabet in the second quarter valued at $36,000. Finally, CarsonAllaria Wealth Management Ltd.
grew its position in Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd.
now owns 293 shares of the information services provider’s stock worth $44,000 after purchasing an additional 109 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.
Insider Activity In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $183.47, for a total transaction of $125,126.
54. Following the completion of the transaction, the chief accounting officer now directly owns 30,650 shares in the company, valued at approximately $5,623,355.50.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.
47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now directly owns 30,650 shares in the company, valued at $5,623,355.
50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th.
The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20.
Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 179,367 shares of company stock valued at $30,016,931.
11.55% of the stock is currently owned by corporate insiders. Analyst Upgrades and Downgrades Get Our Latest Analysis on Alphabet Alphabet Trading Up 1.
8 % Shares of GOOGL stock opened at $157.46 on Monday. Alphabet Inc.
has a 1-year low of $120.21 and a 1-year high of $191.75.
The firm has a market cap of $1.94 trillion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.
13 and a beta of 1.04. The company has a 50-day moving average of $167.
46 and a two-hundred day moving average of $164.87. The company has a debt-to-equity ratio of 0.
04, a current ratio of 2.08 and a quick ratio of 2.08.
Alphabet ( NASDAQ:GOOGL – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.
85 by $0.04. Alphabet had a net margin of 26.
70% and a return on equity of 30.49%. The firm had revenue of $84.
74 billion for the quarter, compared to analyst estimates of $70.60 billion. During the same period in the prior year, the business posted $1.
44 EPS. On average, analysts predict that Alphabet Inc. will post 7.
64 EPS for the current year. Alphabet Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given a dividend of $0.
20 per share. The ex-dividend date is Monday, September 9th. This represents a $0.
80 annualized dividend and a dividend yield of 0.51%. Alphabet’s dividend payout ratio is currently 12.
27%. Alphabet Company 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. See Also Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc.
( NASDAQ:GOOGL – Free Report ). Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter .
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