Alphabet Inc (GOOG) Shares Sold by Koshinski Asset Management Inc.
Koshinski Asset Management Inc. decreased its position in Alphabet Inc (NASDAQ:GOOG) by 32.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 827 shares of the information services provider’s stock after selling 405 shares during the period. Koshinski Asset Management Inc.’s holdings in Alphabet were worth $865,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GOOG. Burt Wealth Advisors lifted its stake in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after purchasing an additional 832 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the last quarter. Finally, Catamount Wealth Management lifted its stake in Alphabet by 5.8% in the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 34.86% of the company’s stock.
In related news, VP James Grier Campbell sold 238 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $1,162.61, for a total value of $276,701.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David C. Drummond sold 5,690 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $1,164.43, for a total value of $6,625,606.70. Following the completion of the transaction, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,373,353.71. The disclosure for this sale can be found here. In the last three months, insiders sold 48,709 shares of company stock worth $52,954,941. 13.92% of the stock is owned by insiders.
Alphabet Inc (GOOG) opened at $1,138.17 on Wednesday. The company has a market capitalization of $809,074.81, a price-to-earnings ratio of 36.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. Alphabet Inc has a 12 month low of $803.37 and a 12 month high of $1,186.89.
Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the company earned $9.36 EPS.
Alphabet declared that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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Alphabet Company Profile
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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