Family Capital Trust Co lowered its holdings in Alphabet Inc (NASDAQ:GOOG) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,146 shares of the information services provider’s stock after selling 159 shares during the quarter. Alphabet accounts for about 1.5% of Family Capital Trust Co’s holdings, making the stock its 22nd biggest position. Family Capital Trust Co’s holdings in Alphabet were worth $3,292,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Burt Wealth Advisors lifted its stake in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares in the last quarter. Archford Capital Strategies LLC lifted its stake in Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares in the last quarter. Almanack Investment Partners LLC. lifted its stake in Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares in the last quarter. Finally, Catamount Wealth Management lifted its stake in Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 10 shares in the last quarter. 34.86% of the stock is owned by institutional investors and hedge funds.
In related news, SVP David C. Drummond sold 5,690 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $1,164.43, for a total value of $6,625,606.70. Following the sale, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,373,353.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 37 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $1,107.87, for a total value of $40,991.19. The disclosure for this sale can be found here. Insiders sold a total of 48,709 shares of company stock worth $52,954,941 over the last 90 days. 13.92% of the stock is currently owned by company insiders.
Shares of Alphabet Inc (GOOG) opened at $1,164.50 on Tuesday. Alphabet Inc has a 52 week low of $803.37 and a 52 week high of $1,186.89. The stock has a market capitalization of $805,976.13, a PE ratio of 64.84 and a beta of 1.04. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same quarter in the prior year, the firm posted $9.36 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis.
Alphabet announced that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
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Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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