Cyndeo Wealth Partners LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 32,168 shares of the information services provider’s stock, valued at approximately $2,854,000.
A number of other hedge funds also recently modified their holdings of GOOG. OLD Second National Bank of Aurora raised its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares in the last quarter. Westchester Capital Management Inc. raised its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares in the last quarter. Saban Cheryl raised its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after buying an additional 190 shares in the last quarter. Finally, Gould Capital LLC raised its holdings in shares of Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after buying an additional 301 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.
Alphabet Stock Performance
GOOG stock opened at $108.90 on Friday. The business’s 50-day moving average price is $98.63 and its two-hundred day moving average price is $96.46. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.39 trillion, a PE ratio of 23.93, a P/E/G ratio of 1.45 and a beta of 1.10. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $137.70.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on GOOG shares. Oppenheimer increased their target price on Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Credit Suisse Group set a $136.00 price target on Alphabet in a report on Friday, February 3rd. Raymond James raised their price target on Alphabet from $116.00 to $119.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Royal Bank of Canada set a $130.00 price target on Alphabet in a report on Friday, February 3rd. Finally, Sanford C. Bernstein set a $130.00 price target on Alphabet in a report on Monday, February 6th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $135.24.
Insider Buying and Selling at Alphabet
In other Alphabet 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 sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet 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 sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the company’s stock in a transaction 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 purchase, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The disclosure for this purchase can be found here. Insiders have sold 112,192 shares of company stock valued at $11,373,417 in the last 90 days. 12.99% of the stock is currently owned by company insiders.
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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