New Jersey-based investment firm Quantum Capital Management LLC has reduced its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the second quarter, according to Holdings Channel.com. The company now owns 62,943 shares of Alphabet’s stock, representing about 0.9% of Quantum Capital Management’s investment portfolio and making it the 16th largest holding.
Quantum Capital Management LLC sold 3,029 shares of Alphabet during the quarter, bringing the total value of its holdings to approximately $7,614,000 as of the most recent filing with the Securities and Exchange Commission (SEC).
While Quantum Capital Management LLC was making changes to its portfolio, other institutional investors and hedge funds were also adjusting their positions on Alphabet. Totem Point Management LLC increased its position in the company by 22.0% during the first quarter, Somerville Kurt F boosted its position by 10.3%, BCK Partners Inc. purchased a new stake, Hall Capital Management Co. Inc. increased its position by 53.2%, and Fairfield Bush & CO. boosted its position by 6.8%. Institutional investors in total now own 27.13% of Alphabet’s stock.
Alphabet’s stock, traded on the NASDAQ exchange under the ticker symbol GOOG, closed at $137.59 per share on Monday, with 8,213,291 shares traded. The company has a current market capitalization of $1.72 trillion, a price-to-earnings ratio of 26.07, and a price-to-earnings-growth ratio of 1.53. The stock has a 50-day moving average price of $134.60 and a 200-day moving average price of $128.47.
Alphabet last reported its earnings results on Tuesday, October 24th, with earnings per share (EPS) of $1.55 for the quarter, surpassing the consensus estimate of $1.45. The company had a net margin of 22.46% and a return on equity of 25.24%. Alphabet generated $64.05 billion in revenue for the quarter, beating the consensus estimate of $63.13 billion. Sell-side analysts anticipate that Alphabet Inc. will post earnings per share of $5.74 for the current fiscal year.
Frequently Asked Questions (FAQ) about Quantum Capital Management and Alphabet Inc.
1. What is Quantum Capital Management LLC?
Quantum Capital Management LLC is an investment management firm based in New Jersey that offers financial advisory services and manages investment portfolios.
2. How much of Alphabet Inc. does Quantum Capital Management own?
As of the most recent filing with the SEC, Quantum Capital Management LLC owned 62,943 shares of Alphabet Inc., representing approximately 0.9% of its investment portfolio.
3. How has Alphabet’s stock been performing?
Alphabet’s stock, traded on the NASDAQ under the symbol GOOG, closed at $137.59 per share on Monday. It has a 50-day moving average of $134.60 and a 200-day moving average of $128.47.
4. What were Alphabet’s recent earnings results?
Alphabet reported earnings per share (EPS) of $1.55 for the latest quarter, surpassing the consensus estimate of $1.45. The company generated $64.05 billion in revenue, beating the consensus estimate of $63.13 billion.
5. What were the recent insider transactions at Alphabet?
In recent insider transactions, Director John L. Hennessy sold 200 shares of Alphabet’s stock, while Director Ann Mather sold 220 shares. Additional details on insider transactions can be found in the legal filings with the Securities and Exchange Commission.
Sources:
– Quantum Capital Management LLC Holdings – HoldingsChannel.com
– Alphabet Inc. stock details – Yahoo Finance
– Alphabet’s recent earnings results – MarketBeat.com