Clear Creek Financial Management LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,894 shares of the information services provider’s stock after selling 1,937 shares during the period. Clear Creek Financial Management LLC’s holdings in Alphabet were worth $873,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. IAG Wealth Partners LLC increased 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 valued at $26,000 after buying an additional 262 shares during the period. Artemis Wealth Advisors LLC increased 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 valued at $27,000 after buying an additional 266 shares during the period. Laurel Wealth Planning LLC increased 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 valued at $29,000 after buying an additional 285 shares during the period. Coston McIsaac & Partners increased 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 valued at $30,000 after buying an additional 304 shares during the period. Finally, Horizons Wealth Management acquired a new position in Alphabet during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 34.06% of the company’s stock.
Alphabet Stock Down 0.2 %
GOOGL opened at $104.47 on Thursday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $139.36. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The firm’s fifty day moving average price is $97.76 and its two-hundred day moving average price is $95.82. The company has a market capitalization of $1.34 trillion, a P/E ratio of 22.96, a P/E/G ratio of 1.43 and a beta of 1.10.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Piper Sandler reduced their price objective on shares of Alphabet from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 31st. JMP Securities reiterated a “market outperform” rating and issued a $132.00 target price on shares of Alphabet in a report on Thursday, March 16th. KeyCorp decreased their target price on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a report on Monday, January 30th. Finally, Barclays raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Four investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.39.
Insider Activity at Alphabet
In related news, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the transaction, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director now directly owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the sale, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The disclosure for this sale can be found here. Insiders sold 112,192 shares of company stock valued at $11,373,417 over the last ninety days. 11.44% of the stock is owned by insiders.
About Alphabet
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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