1 week Ago By ABMN Staff
Kitching Partners LLC purchased a new stake in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,859 shares of the information services provider’s stock, valued at approximately $308,000.
Alphabet accounts for approximately 0.4% of Kitching Partners LLC’s portfolio, making the stock its 23rd largest holding. Other large investors have also recently added to or reduced their stakes in the company.
Encompass More Asset Management bought a new position in shares of Alphabet during the 3rd quarter worth about $1,028,000. Darsana Capital Partners LP acquired a new position in Alphabet in the third quarter worth about $331,700,000. Ironwood Investment Counsel LLC raised its position in Alphabet by 2.
3% in the third quarter. Ironwood Investment Counsel LLC now owns 75,323 shares of the information services provider’s stock worth $12,492,000 after purchasing an additional 1,689 shares in the last quarter. Point72 Europe London LLP bought a new position in Alphabet during the third quarter worth about $13,948,000.
Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Alphabet by 27.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,523,734 shares of the information services provider’s stock valued at $916,111,000 after purchasing an additional 1,198,267 shares in the last quarter.
Institutional investors and hedge funds own 40.03% of the company’s stock. Insider Buying and Selling at Alphabet In other Alphabet news, insider John Kent Walker sold 16,802 shares of the business’s stock in a transaction that occurred on Friday, September 27th.
The stock was sold at an average price of $165.47, for a total value of $2,780,226.94.
Following the sale, the insider now owns 43,999 shares in the company, valued at approximately $7,280,514.53. The trade was a 27.
63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th.
The stock was sold at an average price of $160.63, for a total value of $3,614,175.00.
Following the transaction, the chief executive officer now directly owns 2,114,885 shares of the company’s stock, valued at approximately $339,713,977.55. This trade represents a 1.
05 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 197,123 shares of company stock valued at $34,121,676.
11.55% of the stock is currently owned by corporate insiders. Wall Street Analyst Weigh In Get Our Latest Research Report on Alphabet Alphabet Stock Up 5.
5 % Alphabet stock opened at $195.40 on Thursday. The company’s 50 day simple moving average is $170.
07 and its 200 day simple moving average is $170.28. The firm has a market capitalization of $2.
39 trillion, a price-to-earnings ratio of 25.92, a PEG ratio of 1.24 and a beta of 1.
01. Alphabet Inc. has a fifty-two week low of $129.
68 and a fifty-two week high of $195.61. The company has a debt-to-equity ratio of 0.
04, a current ratio of 1.95 and a quick ratio of 1.95.
Alphabet ( NASDAQ:GOOGL – Get Free Report ) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.
83 by $0.29. The firm had revenue of $88.
27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.
66% and a net margin of 27.74%. During the same period in the previous year, the firm earned $1.
55 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.
01 EPS for the current year. Alphabet Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.
20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.
80 annualized dividend and a yield of 0.41%. Alphabet’s dividend payout ratio (DPR) is currently 10.
61%. 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. Featured Articles 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.
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