Stillwater Capital Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,011 shares of the information services provider’s stock after acquiring an additional 643 shares during the period. Alphabet comprises approximately 3.0% of Stillwater Capital Advisors LLC’s holdings, making the stock its 12th largest position. Stillwater Capital Advisors LLC’s holdings in Alphabet were worth $14,382,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. IAG Wealth Partners LLC boosted its holdings in Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after buying an additional 262 shares during the period. Artemis Wealth Advisors LLC boosted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after buying an additional 266 shares during the period. Laurel Wealth Planning LLC boosted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares during the period. Coston McIsaac & Partners boosted its holdings in Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after buying an additional 304 shares during the period. Finally, Horizons Wealth Management bought a new position in Alphabet in the 2nd quarter worth $33,000. Institutional investors own 34.06% of the company’s stock.
Alphabet Price Performance
Shares of GOOGL stock opened at $103.37 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The company has a market capitalization of $1.32 trillion, a P/E ratio of 22.71, a P/E/G ratio of 1.40 and a beta of 1.09. The company’s 50-day simple moving average is $95.91 and its two-hundred day simple moving average is $96.07. Alphabet Inc. has a one year low of $83.34 and a one year high of $143.79.
Insiders Place Their Bets
In related news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 11,313 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares in the company, valued at $4,197,000. The disclosure for this sale can be found here. Insiders have sold 74,245 shares of company stock worth $7,174,078 in the last three months. Corporate insiders own 11.44% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on GOOGL shares. Wells Fargo & Company boosted their price target on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Mizuho decreased their price target on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $130.00 price target on shares of Alphabet in a research note on Friday, February 10th. Evercore ISI decreased their price target on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 21st. Finally, New Street Research started coverage on shares of Alphabet in a research note on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.83.
About Alphabet
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.
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