Proficio Capital Partners LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 35,727 shares of the information services provider’s stock after selling 500 shares during the quarter. Alphabet comprises about 0.6% of Proficio Capital Partners LLC’s portfolio, making the stock its 28th largest position. Proficio Capital Partners LLC’s holdings in Alphabet were worth $3,151,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DC Investments Management LLC acquired a new stake in Alphabet during the 1st quarter worth about $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet during the 1st quarter worth about $225,000. Worth Asset Management LLC purchased a new position in shares of Alphabet during the 1st quarter valued at about $206,000. Eudaimonia Advisors LLC raised its stake in shares of Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after buying an additional 13 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new position in shares of Alphabet during the 1st quarter valued at about $281,000. Institutional investors and hedge funds own 34.06% of the company’s stock.
Alphabet Stock Performance
NASDAQ GOOGL opened at $104.50 on Wednesday. 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 $83.34 and a 52-week high of $131.40. The business’s 50-day moving average price is $98.70 and its 200 day moving average price is $96.21. The firm has a market cap of $1.34 trillion, a P/E ratio of 22.96, a P/E/G ratio of 1.51 and a beta of 1.10.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director Ann Mather sold 340 shares of Alphabet stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total value of $32,952.80. Following the sale, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,095,196. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Ann Mather sold 340 shares of Alphabet stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,095,196. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,192 shares of company stock valued at $11,373,417. 11.44% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $132.00 price objective on shares of Alphabet in a research note on Thursday, March 16th. Tigress Financial cut their price target on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. Barclays lifted their price target on Alphabet from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. StockNews.com initiated coverage on Alphabet in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Finally, KeyCorp cut their price target on Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Four investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.
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.
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