Americana Partners LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 34.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,691 shares of the information services provider’s stock after selling 21,167 shares during the quarter. Americana Partners LLC’s holdings in Alphabet were worth $3,569,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Bornite Capital Management LP acquired a new position in Alphabet during the first quarter worth $16,688,000. Markel Corp raised its holdings in Alphabet by 17.0% during the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after purchasing an additional 2,250 shares during the last quarter. United Bank raised its holdings in Alphabet by 5.9% during the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management raised its holdings in shares of Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after acquiring an additional 1,570 shares during the last quarter. 34.06% of the stock is owned by institutional investors and hedge funds.
Alphabet Price Performance
Shares of NASDAQ GOOGL opened at $104.50 on Wednesday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $131.40. The business has a 50-day moving average of $98.70 and a 200-day moving average of $96.21. 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 company has a market capitalization of $1.34 trillion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.51 and a beta of 1.10.
Insider Transactions at Alphabet
In other news, insider John Kent Walker sold 11,313 shares of the company’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Ann Mather sold 340 shares of the business’s stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total value of $32,952.80. Following the transaction, the director now owns 11,300 shares in the company, valued at $1,095,196. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders sold 112,192 shares of company stock valued at $11,373,417 over the last quarter. Company insiders own 11.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. MKM Partners boosted their price target on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Barclays boosted their price target on Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price target on shares of Alphabet in a report on Monday, April 3rd. Evercore ISI cut their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 21st. Finally, Roth Capital reissued a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Four investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.
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
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