Graybill Bartz & Assoc Ltd. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,385 shares of the information services provider’s stock after purchasing an additional 702 shares during the quarter. Alphabet accounts for about 3.1% of Graybill Bartz & Assoc Ltd.’s investment portfolio, making the stock its 8th largest holding. Graybill Bartz & Assoc Ltd.’s holdings in Alphabet were worth $5,681,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of GOOGL. Spreng Capital Management Inc. lifted its stake in Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 5 shares during the last quarter. West Family Investments Inc. lifted its stake in shares of Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after buying an additional 6 shares during the last quarter. Maple Capital Management Inc. lifted its stake in shares of Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after buying an additional 6 shares during the last quarter. Private Advisory Group LLC lifted its stake in shares of Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after buying an additional 7 shares during the last quarter. Finally, Weik Capital Management lifted its stake in shares of Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Alphabet Stock Up 0.3 %
Shares of NASDAQ GOOGL opened at $104.72 on Wednesday. The firm’s 50-day simple moving average is $97.57 and its 200 day simple moving average is $95.76. The company has a market cap of $1.34 trillion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $142.99.
Insider Buying and Selling
In related news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction dated 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 approximately $4,197,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction dated 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 directly owns 41,970 shares in the company, valued at approximately $4,197,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 340 shares of the company’s stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now owns 11,300 shares in the company, valued at $1,095,196. The disclosure for this sale can be found here. Insiders have sold a total of 112,192 shares of company stock worth $11,373,417 in the last 90 days. Corporate insiders own 11.44% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on GOOGL. Evercore ISI reduced their price objective on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, December 21st. KeyCorp reduced their price objective on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Needham & Company LLC restated a “buy” rating and issued a $115.00 price objective on shares of Alphabet in a research note on Monday. Bank of America boosted their price objective on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research note on Tuesday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. Four equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $131.39.
Alphabet 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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