Seed Wealth Management Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.4% in the first quarter, HoldingsChannel reports. The fund owned 5,660 shares of the information services provider’s stock after selling 260 shares during the quarter. Seed Wealth Management Inc.’s holdings in Alphabet were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet during the 4th quarter valued at $26,000. Partnership Wealth Management LLC purchased a new position in shares of Alphabet in the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet in the fourth quarter worth about $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Alphabet during the 4th quarter valued at approximately $34,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total value of $3,502,575.00. Following the sale, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at $362,012,608.71. The disclosure for this sale can be found here. Insiders sold 146,284 shares of company stock valued at $24,534,393 in the last ninety days. Insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
Alphabet Price Performance
Shares of GOOG stock traded up $1.49 on Thursday, reaching $186.86. The company’s stock had a trading volume of 13,007,982 shares, compared to its average volume of 21,299,447. The stock’s fifty day simple moving average is $173.26 and its 200-day simple moving average is $154.97. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $187.50. The company has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $1.17 EPS. Analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.
Alphabet Dividend Announcement
The business also recently disclosed a — dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.
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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