WealthOne LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,898 shares of the information services provider’s stock after selling 125 shares during the period. WealthOne LLC’s holdings in Alphabet were worth $432,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of GOOGL. Spreng Capital Management Inc. boosted its stake in Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. grew its holdings 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 valued at $4,878,000 after acquiring an additional 6 shares in the last quarter. Maple Capital Management Inc. grew its holdings 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 valued at $823,000 after acquiring an additional 6 shares in the last quarter. Private Advisory Group LLC grew its holdings 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 valued at $1,115,000 after acquiring an additional 7 shares in the last quarter. Finally, Weik Capital Management grew its holdings 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 valued at $4,264,000 after acquiring an additional 8 shares in the last quarter. 34.06% of the stock is owned by institutional investors.
Alphabet Trading Up 3.8 %
Shares of GOOGL stock opened at $108.42 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $137.16. The company has a market capitalization of $1.39 trillion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The business’s fifty day moving average is $97.98 and its 200 day moving average is $95.91.
Analyst Ratings Changes
Several research firms have recently issued reports on GOOGL. BNP Paribas raised Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price for the company in a report on Friday, March 17th. Piper Sandler reduced their target price on Alphabet from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 31st. Stifel Nicolaus began coverage on Alphabet in a report on Monday, March 20th. They issued a “buy” rating and a $130.00 target price for the company. MKM Partners upped their target price on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Finally, Barclays upped their target price on Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Four 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, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $131.17.
Insider Activity at Alphabet
In related news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider John Kent Walker sold 29,006 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the firm’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 completion of the sale, the senior vice president now directly owns 76,580 shares in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. Insiders have sold a total of 112,192 shares of company stock valued at $11,373,417 over the last 90 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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