Intelligence Driven Advisers LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,997 shares of the information services provider’s stock after acquiring an additional 457 shares during the period. Intelligence Driven Advisers LLC’s holdings in Alphabet were worth $441,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Financial Advisors Network Inc. raised its stake in Alphabet by 4.5% in the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock valued at $450,000 after buying an additional 7 shares in the last quarter. Turim 21 Investimentos Ltda. raised its stake in Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares in the last quarter. West Michigan Advisors LLC raised its stake in Alphabet by 3.7% in the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock valued at $704,000 after buying an additional 9 shares in the last quarter. Somerville Kurt F raised its stake in Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC raised its stake in Alphabet by 1.4% in the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after buying an additional 16 shares in the last quarter. 28.69% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Price Performance
Shares of GOOG opened at $104.00 on Friday. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $144.16. The stock’s 50 day moving average is $97.91 and its two-hundred day moving average is $96.33. The firm has a market capitalization of $1.33 trillion, a PE ratio of 22.85, a P/E/G ratio of 1.41 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.
Insider Transactions at Alphabet
In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the transaction, the insider now directly owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet 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 transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The disclosure for this sale can be found here. Insiders have sold 102,871 shares of company stock valued at $10,094,138 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Credit Suisse Group set a $136.00 target price on Alphabet in a research report on Friday, February 3rd. UBS Group set a $120.00 target price on Alphabet in a research report on Monday, February 6th. Bank of America lifted their target price on Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. Finally, Piper Sandler cut their target price on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.11.
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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