Flossbach Von Storch AG trimmed its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 12.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,032 shares of the information services provider’s stock after selling 448 shares during the period. Flossbach Von Storch AG’s holdings in Alphabet were worth $427,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GOOG. Tandem Wealth Advisors LLC purchased a new position in shares of Alphabet in the third quarter valued at about $25,000. Bruce G. Allen Investments LLC bought a new position in Alphabet in the fourth quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of Alphabet during the 2nd quarter valued at $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the fourth quarter valued at $28,000. Finally, Buck Wealth Strategies LLC purchased a new position in Alphabet during the third quarter valued at $32,000. 27.26% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the sale, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock valued at $36,377,482. Company insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on GOOG
Alphabet Stock Performance
Shares of NASDAQ:GOOG opened at $155.72 on Friday. Alphabet Inc. has a 52 week low of $103.27 and a 52 week high of $161.70. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 26.85, a PEG ratio of 1.45 and a beta of 1.05. The firm has a fifty day simple moving average of $147.46 and a two-hundred day simple moving average of $141.87. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. During the same period in the previous year, the company earned $1.05 EPS. The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current fiscal 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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