Dynamic Advisor Solutions LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,783 shares of the information services provider’s stock after selling 822 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Alphabet were worth $5,892,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. StrategIQ Financial Group LLC lifted its position in shares of Alphabet by 10.1% in the 4th quarter. StrategIQ Financial Group LLC now owns 6,890 shares of the information services provider’s stock worth $608,000 after acquiring an additional 630 shares during the period. Transform Wealth LLC lifted its position in shares of Alphabet by 9.6% in the 4th quarter. Transform Wealth LLC now owns 143,878 shares of the information services provider’s stock worth $12,694,000 after acquiring an additional 12,569 shares during the period. RVW Wealth LLC raised its holdings in shares of Alphabet by 17.6% in the 4th quarter. RVW Wealth LLC now owns 6,093 shares of the information services provider’s stock worth $538,000 after buying an additional 913 shares in the last quarter. Coerente Capital Management raised its holdings in shares of Alphabet by 0.8% in the 4th quarter. Coerente Capital Management now owns 310,955 shares of the information services provider’s stock worth $27,435,000 after buying an additional 2,391 shares in the last quarter. Finally, MBL Wealth LLC raised its holdings in shares of Alphabet by 3.2% in the 4th quarter. MBL Wealth LLC now owns 22,491 shares of the information services provider’s stock worth $1,984,000 after buying an additional 689 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.
Alphabet Trading Up 2.2 %
NASDAQ GOOGL opened at $105.60 on Friday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $143.79. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $96.20 and a 200-day moving average of $96.13. The firm has a market cap of $1.35 trillion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09.
Analyst Upgrades and Downgrades
GOOGL has been the subject of a number of recent analyst reports. Tigress Financial dropped their price target on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a report on Friday, January 6th. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Mizuho lowered their target price on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Stifel Nicolaus started coverage on Alphabet in a research note on Monday. They issued a “buy” rating and a $130.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating and issued a $130.00 price target on shares of Alphabet in a research report on Friday, February 10th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.83.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the transaction, the director now owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the sale, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total value of $3,750,000.00. Following the completion of the sale, the director now owns 144,740 shares in the company, valued at approximately $14,474,000. The disclosure for this sale can be found here. Insiders sold 74,245 shares of company stock valued at $7,174,078 in the last 90 days. Insiders own 11.44% of the company’s stock.
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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