New York State Common Retirement Fund lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,281,886 shares of the information services provider’s stock after selling 287,221 shares during the quarter. Alphabet comprises about 1.3% of New York State Common Retirement Fund’s investment portfolio, making the stock its 7th largest position. New York State Common Retirement Fund owned approximately 0.08% of Alphabet worth $912,312,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. OLD Second National Bank of Aurora lifted its stake 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 valued at $25,000 after purchasing an additional 247 shares during the period. Westchester Capital Management Inc. lifted its stake in Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after buying an additional 247 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in Alphabet by 1,900.0% during the third 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 during the last quarter. Saban Cheryl grew its position 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 worth $29,000 after buying an additional 190 shares during the period. Finally, Gould Capital LLC increased its stake 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 valued at $30,000 after acquiring an additional 301 shares during the last quarter. Institutional investors own 28.69% of the company’s stock.
Alphabet Trading Up 2.8 %
Shares of NASDAQ:GOOG opened at $108.19 on Friday. The company’s 50-day moving average price is $99.01 and its two-hundred day moving average price is $96.55. Alphabet Inc. has a one year low of $83.45 and a one year high of $131.92. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The stock has a market capitalization of $1.39 trillion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.48 and a beta of 1.10.
Insider Activity
In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the acquisition, the insider now owns 1,709,527 shares in the company, valued at $50,072,045.83. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares in the company, valued at $4,197,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the transaction, the insider now owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 112,192 shares of company stock valued at $11,373,417. 12.99% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on GOOG. Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. Raymond James lifted their price target on shares of Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Cowen lowered their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Sanford C. Bernstein set a $130.00 target price on Alphabet in a research note on Monday, February 6th. Finally, UBS Group raised their price target on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.24.
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Alphabet (GOOG)
- Delta Airlines Is Ready To Fly Higher
- Global Payments Climbs After Goldman Sachs Upgrade
- Fastenal Is At A Critical Turning Point
- 3 Healthcare Stocks Insiders Are Buying
- Novo Nordisk Charges Higher and Could be Just Getting Started
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.
