MBL Wealth LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,395 shares of the information services provider’s stock after selling 518 shares during the quarter. MBL Wealth LLC’s holdings in Alphabet were worth $834,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of GOOG. Walled Lake Planning & Wealth Management LLC increased its stake in Alphabet by 1,900.0% during the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock valued at $3,281,000 after purchasing an additional 32,414 shares in the last quarter. Grand Jean Capital Management Inc. increased its stake in Alphabet by 1,926.2% during the 3rd quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock valued at $13,186,000 after purchasing an additional 130,367 shares in the last quarter. Connecticut Wealth Management LLC increased its stake in Alphabet by 1,415.4% during the 3rd quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock valued at $803,000 after purchasing an additional 7,799 shares in the last quarter. Matthew Goff Investment Advisor LLC increased its stake in Alphabet by 4.2% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock valued at $655,000 after purchasing an additional 300 shares in the last quarter. Finally, Clarity Financial LLC increased its stake in Alphabet by 2,118.6% during the 3rd quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock valued at $5,935,000 after purchasing an additional 58,940 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.
Alphabet Stock Up 3.8 %
Shares of NASDAQ GOOG opened at $105.84 on Wednesday. The company’s 50-day simple moving average is $96.29 and its 200-day simple moving average is $96.56. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $144.16. The firm has a market cap of $1.36 trillion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 1.41 and a beta of 1.09. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.
Analyst Upgrades and Downgrades
Several analysts have recently commented on GOOG shares. UBS Group set a $120.00 price objective on shares of Alphabet in a report on Monday, February 6th. Credit Suisse Group set a $136.00 price objective on shares of Alphabet in a report on Friday, February 3rd. Royal Bank of Canada set a $130.00 price objective on shares of Alphabet in a report on Friday, February 3rd. Raymond James upped their price objective on shares of Alphabet from $116.00 to $119.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Finally, Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a report on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.11.
Insiders Place Their Bets
In related news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of Alphabet stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares in the company, valued at $4,197,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold 74,245 shares of company stock valued at $7,174,078 over the last ninety days. Company insiders own 12.99% of the company’s stock.
Alphabet Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
Featured Stories
- Get a free copy of the StockNews.com research report on Alphabet (GOOG)
- Asana Stock Gap and Crap. Here’s Why
- On Holding AG Sprints Higher on Margin Expansion and Guidance
- Price Growth & Yield: For That Magical Combo, Leave the U.S.
- Game-Changing News For Tesla Investors
- DOW New Hghs Coming Sooner Than Later
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
