First Horizon Corp Sells 4,036 Shares of Alphabet Inc. $GOOGL

First Horizon Corp lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.1% in the 1st quarter. The institutional investor owned 75,222 shares of the information services provider's stock after selling 4,036 shares during the quarter. First Horizon Corp's holdings in Alphabet were worth $21,631,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in GOOGL. Norges Bank bought a new stake in Alphabet during the fourth quarter worth approximately $30,534,239,000. Cardano Risk Management B.V. raised its position in shares of Alphabet by 855.3% in the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after purchasing an additional 13,004,828 shares during the period. Vanguard Group Inc. raised its position in shares of Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the period. Capital World Investors lifted its stake in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. Finally, Diamant Asset Management Inc. boosted its holdings in shares of Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock worth $2,671,986,000 after buying an additional 9,259,940 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 112 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares of the company's stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock worth $7,672,279 in the last three months. Company insiders own 11.61% of the company's stock.

NASDAQ:GOOGL opened at $346.77 on Friday. The firm's 50-day moving average is $368.89 and its 200-day moving average is $337.97. Alphabet Inc. has a 52-week low of $183.71 and a 52-week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $4.20 trillion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.45 and a beta of 1.24. Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.