Advisory Resource Group grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,686 shares of the information services provider’s stock after purchasing an additional 1,409 shares during the quarter. Advisory Resource Group’s holdings in Alphabet were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OLD Second National Bank of Aurora grew its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares during the period. Westchester Capital Management Inc. grew its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares during the period. Carolina Wealth Advisors LLC grew its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the period. Saban Cheryl grew its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 190 shares during the period. Finally, Gould Capital LLC grew its stake in shares of Alphabet by 2,150.0% during the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 28.69% of the company’s stock.
Alphabet Stock Performance
NASDAQ:GOOG opened at $106.12 on Wednesday. The stock’s fifty day moving average is $98.93 and its 200 day moving average is $96.49. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $132.42. The firm has a market capitalization of $1.36 trillion, a PE ratio of 23.32, a PEG ratio of 1.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38.
Insider Activity at Alphabet
In other Alphabet 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 sale, the senior vice president now owns 76,580 shares in the company, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet 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 sale, the senior vice president now owns 76,580 shares in the company, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $99.87, for a total value of $63,617.19. Following the completion of the sale, the chief accounting officer now owns 25,282 shares in the company, valued at approximately $2,524,913.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,192 shares of company stock worth $11,373,417. Company insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
GOOG has been the subject of a number of recent research reports. The Goldman Sachs Group set a $128.00 price objective on Alphabet in a research note on Friday, February 3rd. JPMorgan Chase & Co. set a $118.00 price objective on Alphabet in a research note on Thursday, February 9th. Royal Bank of Canada set a $130.00 price target on Alphabet in a research note on Friday, February 3rd. Jefferies Financial Group set a $125.00 price target on Alphabet in a research note on Friday, February 3rd. Finally, Credit Suisse Group set a $136.00 price target on Alphabet in a research note on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $135.24.
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.
Read More
- Get a free copy of the StockNews.com research report on Alphabet (GOOG)
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