American Financial Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,779 shares of the information services provider’s stock after selling 115 shares during the period. American Financial Advisors LLC’s holdings in Alphabet were worth $247,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of GOOG. Galibier Capital Management Ltd. grew its stake in shares of Alphabet by 54.9% in the fourth quarter. Galibier Capital Management Ltd. now owns 10,502 shares of the information services provider’s stock worth $932,000 after acquiring an additional 3,722 shares during the period. Miller Wealth Advisors LLC boosted its holdings in Alphabet by 1,897.6% in the fourth quarter. Miller Wealth Advisors LLC now owns 131,640 shares of the information services provider’s stock worth $14,608,000 after purchasing an additional 125,050 shares during the last quarter. CENTRAL TRUST Co grew its position in Alphabet by 1.6% in the 4th quarter. CENTRAL TRUST Co now owns 114,039 shares of the information services provider’s stock worth $10,119,000 after purchasing an additional 1,814 shares during the period. Greenup Street Wealth Management LLC bought a new position in shares of Alphabet during the 4th quarter valued at $699,000. Finally, Alta Capital Management LLC boosted its stake in shares of Alphabet by 10.9% in the 4th quarter. Alta Capital Management LLC now owns 6,100 shares of the information services provider’s stock worth $541,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 28.69% of the company’s stock.
Alphabet Stock Up 3.8 %
GOOG opened at $108.90 on Monday. The company has a market capitalization of $1.39 trillion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.10. The firm has a 50-day simple moving average of $98.63 and a two-hundred day simple moving average of $96.40. 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 $83.45 and a 52 week high of $137.70.
Insider Buying and Selling at Alphabet
In related news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction dated Monday, April 3rd. The shares were 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 owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the sale, the senior vice president now directly owns 76,580 shares in the company, valued at $7,922,966.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Insiders sold 112,192 shares of company stock worth $11,373,417 over the last 90 days. 12.99% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
GOOG has been the topic of a number of recent research reports. Oppenheimer increased their target price on Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Bank of America boosted their target price 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. UBS Group increased their price target on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a research report on Friday, February 3rd. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $135.24.
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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