CENTRAL TRUST Co increased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 114,039 shares of the information services provider’s stock after buying an additional 1,814 shares during the quarter. CENTRAL TRUST Co’s holdings in Alphabet were worth $10,119,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in GOOG. Totem Point Management LLC grew its stake in shares of Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after purchasing an additional 571 shares in the last quarter. Somerville Kurt F lifted its holdings in Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares during the last quarter. BCK Partners Inc. acquired a new position in shares of Alphabet during the 1st quarter worth about $2,564,000. Hall Capital Management Co. Inc. boosted its position in shares of Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. increased its holdings in shares of Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.
Alphabet Stock Up 3.8 %
Shares of Alphabet stock opened at $108.90 on Monday. The company has a market cap of $1.39 trillion, a P/E ratio of 23.93, a PEG ratio of 1.51 and a beta of 1.10. The firm has a fifty day moving average of $98.63 and a two-hundred day moving average of $96.40. 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 one year low of $83.45 and a one year high of $137.70.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on GOOG shares. UBS Group boosted their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday. Credit Suisse Group set a $136.00 target price on shares of Alphabet in a report on Friday, February 3rd. Bank of America lifted their price target 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. Oppenheimer boosted their price target on shares of Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Finally, Piper Sandler dropped their price objective on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.24.
Insider Transactions at Alphabet
In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were purchased at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction 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 approximately $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were 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. In the last three months, insiders sold 112,192 shares of company stock valued at $11,373,417. Corporate insiders own 12.99% 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Alphabet (GOOG)
- MarketBeat Week in Review – 4/3 – 4/7
- Costco Sales Disappoint, Markets Are Missing This Upside Driver
- First Republic Bank Is A Speculative Play, Here’s Why
- The WD-40 Company Bottoms With Reversal In Sight
- 3 Low-Cost Stock ETFs That Are Crushing It This Year
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Get Rating).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
