J2 Capital Management Inc purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,427 shares of the information services provider’s stock, valued at approximately $302,000.
A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. IAG Wealth Partners LLC grew its stake in Alphabet by 3,275.0% during 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 last quarter. Artemis Wealth Advisors LLC grew its stake in Alphabet by 1,900.0% during 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 last quarter. Laurel Wealth Planning LLC grew its stake in Alphabet by 1,900.0% during 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 last quarter. Coston McIsaac & Partners grew its stake in Alphabet by 1,900.0% during 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 last quarter. Finally, Horizons Wealth Management purchased a new position in Alphabet during the 2nd quarter worth $33,000. 34.06% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Price Performance
NASDAQ:GOOGL opened at $105.44 on Friday. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79. The stock has a 50 day moving average of $96.46 and a two-hundred day moving average of $96.04. 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 firm has a market cap of $1.35 trillion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on GOOGL. JMP Securities reaffirmed a “market outperform” rating and set a $132.00 price target on shares of Alphabet in a research report on Thursday, March 16th. Barclays lifted their price target on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Mizuho lowered their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Wells Fargo & Company lifted their price target on Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, Evercore ISI lowered their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $131.83.
Insider Activity
In other news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were 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 of the company’s stock, valued at $14,474,000. The disclosure for this sale can be found here. Insiders sold 74,245 shares of company stock worth $7,174,078 over the last ninety days. Corporate insiders own 11.44% of the company’s stock.
Alphabet Company 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.
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