Blankinship & Foster LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,320 shares of the information services provider’s stock after purchasing an additional 360 shares during the period. Blankinship & Foster LLC’s holdings in Alphabet were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. DC Investments Management LLC purchased a new position in Alphabet in the first quarter valued at $114,000. Bridgefront Capital LLC purchased a new position in Alphabet in the first quarter valued at $225,000. Worth Asset Management LLC purchased a new position in Alphabet in the first quarter valued at $206,000. Eudaimonia Advisors LLC increased its holdings in Alphabet by 15.1% in the first 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 in the last quarter. Finally, Aspire Capital Advisors LLC purchased a new position in Alphabet in the first quarter valued at $281,000. Hedge funds and other institutional investors own 34.06% of the company’s stock.
Alphabet Price Performance
Shares of NASDAQ:GOOGL opened at $104.50 on Wednesday. The company’s fifty day moving average price is $98.70 and its 200 day moving average price is $96.21. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $131.40. 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 firm has a market capitalization 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.
Analyst Upgrades and Downgrades
GOOGL has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $115.00 target price on shares of Alphabet in a research note on Monday, April 3rd. BNP Paribas raised shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price for the company in a research note on Friday, March 17th. JMP Securities reissued a “market outperform” rating and set a $132.00 target price on shares of Alphabet in a research note on Thursday, March 16th. Roth Capital reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Finally, Piper Sandler cut their target price on shares of Alphabet from $120.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 31st. Four analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.
Insider Activity
In other news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the sale, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $32,952.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,095,196. The disclosure for this sale can be found here. Insiders have sold a total of 112,192 shares of company stock valued at $11,373,417 over the last quarter. Corporate insiders own 11.44% of the company’s stock.
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.
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