Moisand Fitzgerald Tamayo LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 963 shares of the information services provider’s stock after buying an additional 193 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Alphabet were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares in the last quarter. State Street Corp increased its position in shares of Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after acquiring an additional 206,300,042 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Alphabet by 1,759.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after acquiring an additional 109,870,525 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Alphabet by 1,955.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 61,134,061 shares of the information services provider’s stock worth $5,847,474,000 after acquiring an additional 58,159,150 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Alphabet by 1,896.9% in the third quarter. Bank of New York Mellon Corp now owns 58,060,946 shares of the information services provider’s stock valued at $5,553,529,000 after purchasing an additional 55,153,448 shares during the period. 34.06% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Up 0.3 %
NASDAQ GOOGL opened at $104.72 on Wednesday. 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 52 week low of $83.34 and a 52 week high of $142.99. The business’s fifty day simple moving average is $97.57 and its 200-day simple moving average is $95.76. The firm has a market cap of $1.34 trillion, a PE ratio of 23.01, a P/E/G ratio of 1.43 and a beta of 1.10.
Analyst Upgrades and Downgrades
GOOGL has been the subject of a number of research reports. Barclays lifted their target price on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. MKM Partners upped their price objective on shares of Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Loop Capital raised their target price on shares of Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Stifel Nicolaus began coverage on Alphabet in a research report on Monday, March 20th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Piper Sandler decreased their price objective on Alphabet from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 31st. Four 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.39.
Insider Buying and Selling
In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $99.87, for a total value of $63,617.19. Following the transaction, the chief accounting officer now owns 25,282 shares of the company’s stock, valued at approximately $2,524,913.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total transaction of $63,617.19. Following the completion of the transaction, the chief accounting officer now owns 25,282 shares of the company’s stock, valued at approximately $2,524,913.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 340 shares of the company’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total value 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. Over the last three months, insiders sold 112,192 shares of company stock worth $11,373,417. Company insiders own 11.44% of the company’s stock.
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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