SAM Advisors LLC increased its stake in Alphabet Inc. (NASDAQ: GOOGL) by 1,900.0% during the third quarter, as stated in the company’s most recent filing with the Securities and Exchange Commission. This information was taken from the most recent quarterly report that the company released. The institutional investor had a total of 3,100 shares of stock in the information services provider after they made additional purchases during the relevant period amounting to 2,945 shares, bringing their total number to date to 3,100. SAM Advisors LLC had assets worth $297,000 worth of Alphabet at the end of the most recent reporting period, and those assets were valued as of the end of the quarter.
In addition, hedge funds and various other institutional investors have altered how they invest in the company to take advantage of recent developments. During the third quarter, Artemis Wealth Advisors LLC saw a 1,900.0% increase in the proportion of Alphabet shares it held in its portfolio. After acquiring 266 shares during the most recent time, Artemis Wealth Advisors LLC now holds a total of 280 shares of the information services provider’s stock. These 280 shares have a combined value of $27,000 and were purchased to bring the firm’s total number of shares to 280. During the second quarter of the year, Horizons Wealth Management put the sum of $33,000 into Alphabet as an investment. Through the third quarter, Schubert & Company was able to increase the proportion of Alphabet stock owned by 1,200.0%. After purchasing an additional 336 shares during the time above frame, Schubert & Co. now has 364 shares, equivalent to $35,000.00 worth of stock in the information services company. This was made possible due to the company’s participation in the stock above buyback program. The proportion of Alphabet stock that Carolina Wealth Advisors LLC owns experienced a 1,900.0% increase during the third quarter. Carolina Wealth Advisors LLC now directly owns 400 shares of the company’s stock, which has a value of $38,000. This is because Carolina Wealth Advisors LLC purchased an additional 380 shares of the information services provider’s stock during the time above period. And finally, but certainly not least, during the second quarter of the fiscal year, Cardinal Capital Management Inc. invested in Alphabet $41,000. A total of 34.06% of the company’s shares are held by institutional investors such as hedge funds and other types of investment companies.
When trading started on Tuesday, one share of Alphabet stock was going for $92.12 per share. The stock price has a moving average of $92.90 over the past 50 days, and its moving average over the past 200 days is $102.02 per share. The price-to-earnings ratio for this company is 18.29, the price-to-earnings-to-growth ratio is 1.62, and the beta value for this business is 1.09. The company currently has a market capitalization of $1.19 trillion. The current ratio for Alphabet Inc. is 2.52, the quick.