Headlines
- Cyrus J. Lawrence LLC adjusted its stake in Alphabet, reflecting broader institutional interest in the stock.
- Insider transactions have led to a decrease in individual holdings, with 88,665 shares sold in the last quarter.
Institutional Investment Dynamics
Cyrus J. Lawrence LLC recently adjusted its position in Alphabet Inc. (NASDAQ:GOOGL) with a slight reduction of 0.4% during the fourth quarter. By the end of the period, the institutional investor held a total of 97,082 shares, valued at $18,377,000, making it the seventh largest in their portfolio. This activity underscores an ongoing interest in Alphabet from several large investors. In fact, other firms such as Compass Planning Associates Inc and E Fund Management Hong Kong Co. Ltd. have also made significant moves regarding their stakes in Alphabet, indicating continued confidence in its stock.
Insider Transactions at Alphabet
Significant insider transactions have also occurred, shedding light on the movements within Alphabet. Amie Thuener O’toole, Chief Accounting Officer, disposed of 673 shares, prompting a 4.21% decrease in her stock ownership. Similarly, Director John L. Hennessy sold 1,500 shares, resulting in a 6.43% reduction in his holdings. Insiders cumulatively sold a substantial volume of 88,665 shares over the last quarter, contributing to the 11.55% of stock currently owned by company insiders.