Bedrijfstakpensioenfonds Voor DE Media PNO lessened its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 8.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 337,100 shares of the information services provider’s stock after selling 32,000 shares during the period. Alphabet makes up 5.5% of Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings, making the stock its 3rd largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Alphabet were worth $27,868,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Willow Creek Wealth Management Inc. raised its position in shares of Alphabet by 1,926.9% during the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after purchasing an additional 17,631 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Alphabet during the 3rd quarter worth about $55,305,000. Griffin Asset Management Inc. boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after acquiring an additional 49,628 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in shares of Alphabet by 3,005.0% during the 3rd quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock worth $6,457,000 after purchasing an additional 65,329 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. raised its holdings in Alphabet by 1,915.2% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock valued at $12,415,000 after acquiring an additional 123,356 shares in the last quarter. Institutional investors own 34.06% of the company’s stock.
Alphabet Price Performance
Shares of NASDAQ GOOGL opened at $103.73 on Friday. The firm’s 50-day moving average price is $97.34 and its 200-day moving average price is $95.86. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $143.79. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 22.79, a P/E/G ratio of 1.40 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Piper Sandler decreased their price target on Alphabet from $120.00 to $117.00 and set an “outperform” rating on the stock in a research report on Friday. Truist Financial dropped their price objective on Alphabet from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Loop Capital lifted their price target on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price target on shares of Alphabet in a research note on Wednesday, March 8th. Finally, Roth Capital restated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.39.
Insider Activity
In other news, insider John Kent Walker sold 29,006 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $101.84, for a total transaction of $2,953,971.04. Following the sale, the insider now owns 24,277 shares in the company, valued at approximately $2,472,369.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the transaction, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 29,006 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $101.84, for a total transaction of $2,953,971.04. Following the sale, the insider now directly owns 24,277 shares of the company’s stock, valued at $2,472,369.68. The disclosure for this sale can be found here. Insiders sold 102,871 shares of company stock valued at $10,094,138 in the last three months. Company 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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