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Shri Thanedar from Michigan's 13th district sells stocks in Alphabet, Amazon, Apple, Berkshire Hathaway, and Microsoft

Published 17/05/2024, 00:18
© Reuters.

In a recent congressional trade report, Shri Thanedar, a congress member from Michigan's 13th district, has made a series of partial stock sales. The transactions, which took place on April 2, 2024, involved shares from several major companies, including Alphabet (NASDAQ:GOOGL) Inc., Amazon.com Inc (NASDAQ:AMZN)., Apple Inc (NASDAQ:AAPL)., Berkshire Hathaway Inc . (NYSE:BRKa), and Microsoft Corporation (NASDAQ:MSFT).

Thanedar sold shares in Alphabet Inc.'s Class A Common Stock (NASDAQ:GOOGL) and Class C Capital Stock (NASDAQ:GOOG), with each transaction valued between $1,001 and $15,000.

Similarly, the congress member also sold shares in Amazon.com Inc.'s Common Stock (NASDAQ:AMZN), with each sale also falling within the $1,001 to $15,000 range.

The sales didn't stop there. Thanedar also sold a significant portion of his Apple Inc. shares (NASDAQ:AAPL). The two transactions involving Apple's Common Stock were each valued between $15,001 and $50,000, making them the largest sales in this series of transactions.

Berkshire Hathaway Inc.'s New Common Stock (NYSE:BRK.B) was also part of Thanedar's selling spree. The congress member sold shares in two separate transactions, each valued between $1,001 and $15,000.

Lastly, Thanedar sold shares in Microsoft Corporation's Common Stock (NASDAQ:MSFT). These transactions were also valued between $1,001 and $15,000 each.

It's important to note that all these sales were partial, meaning Thanedar still retains some shares in each of these companies. The transactions were all reported as new filings, indicating that these are recent investment decisions by the congress member. The report did not detail the type of account used for these transactions.

InvestingPro Insights

Alphabet Inc. (NASDAQ:GOOGL) has recently been in the spotlight due to trades made by a congress member, and investors may find the following metrics and InvestingPro Tips informative when considering the company's current financial landscape. Alphabet, known for its substantial presence in the tech industry, boasts a market capitalization of $2.14 trillion, reflecting its significant size and influence in the market.

One of the noteworthy InvestingPro Tips for Alphabet is that the company holds more cash than debt on its balance sheet, providing it with financial flexibility and resilience. Additionally, analysts have shown confidence in the company's future earnings, with 32 analysts revising their earnings upwards for the upcoming period. This optimism is supported by Alphabet's P/E ratio of 26.72, which is considered low relative to its near-term earnings growth prospects.

From a performance perspective, Alphabet has exhibited strong returns, with a 23.9% total price return over the last three months and a significant 45.69% return over the past year. This performance is even more impressive when considering the company's trading near its 52-week high, with the price at 99.42% of this peak.

For investors looking for a deeper dive into Alphabet's financials and future prospects, InvestingPro offers additional insights. There are a total of 16 InvestingPro Tips available for Alphabet, which can be accessed by visiting: https://www.investing.com/pro/GOOGL. To enhance your investment research experience, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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