Simon Quick Advisors LLC Acquires 3,012 Shares of Alphabet Inc. (NASDAQ:GOOGL)

2 min read | January 27, 2025 01:06 AM PST | By Team Kalkine Media

Simon Quick Advisors LLC Acquires 3,012 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Headlines

Simon Quick Advisors LLC increased its stake in Alphabet Inc. by 5.6% in Q4, owning shares valued at $10.68 million, representing 0.6% of its portfolio.
Alphabet showcased strong financial performance with quarterly revenue of $88.27 billion, surpassing expert expectations.

Investment Activities

Simon Quick Advisors LLC enhanced its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.6% during the fourth quarter, according to the latest Securities & Exchange Commission filings. The firm’s total shares reached 56,437, valued at approximately $10.68 million, making Alphabet the 25th largest holding in their portfolio. Notably, other major investors also adjusted their portfolios, with Oppenheimer Asset Management Inc. boosting its stake by 15% to 465,680 shares valued at $84.82 million. Additionally, Envestnet Asset Management Inc. expanded its holdings by 5%, with a total of 6,816,038 shares valued at $1.24 billion.

Financial Performance

Alphabet opened at $200.21 on the stock market, with its trading metrics reflecting robust performance. The company's market capitalization stands at $2.45 trillion, supported by a price-to-earnings ratio of 26.55 and a minimal debt-to-equity ratio of 0.04. With quarterly revenue reaching $88.27 billion, surpassing the anticipated $72.85 billion, Alphabet boasts a return on equity of 31.66% and a net margin of 27.74%. Analysts predict that Alphabet will post earnings of $8.02 per share for the current fiscal year, a clear indication of the company’s ongoing growth trajectory.

Insider Transactions

Recent insider activity at Alphabet saw Director Frances Arnold and CEO Sundar Pichai selling shares, resulting in slight decreases in their respective holdings. Over the last quarter, insiders sold a total of 133,387 shares valued at $24.37 million. Insiders currently own 11.55% of Alphabet's stock, indicating a significant internal stake in the company's leadership.

Company Profile

Alphabet Inc. operates globally through segments including Google Services, Google Cloud, and Other Bets. Known for its diversified portfolio, Alphabet provides an array of products and services spanning advertising, Android, Chrome, Gmail, Google Maps, Google Play, Search, YouTube, and more. This wide-ranging business model sustains its substantial market influence in various regions such as the United States, Europe, the Middle East, and Asia-Pacific markets.

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