Hutchens & Kramer Investment Management Group LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,510 shares of the information services provider’s stock after selling 833 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Alphabet were worth $310,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. VitalStone Financial LLC bought a new stake in shares of Alphabet during the fourth quarter worth $25,000. IAG Wealth Partners LLC boosted its holdings in Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC boosted its holdings in Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 266 shares during the last quarter. Laurel Wealth Planning LLC lifted its stake in Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the period. Finally, Coston McIsaac & Partners lifted its stake in Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock valued at $30,000 after buying an additional 304 shares during the period. 34.06% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Price Performance
Alphabet stock opened at $104.18 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. Alphabet Inc. has a one year low of $83.34 and a one year high of $131.40. The firm has a market capitalization of $1.33 trillion, a P/E ratio of 22.90, a PEG ratio of 1.51 and a beta of 1.10. The business has a fifty day moving average price of $98.73 and a 200-day moving average price of $96.33.
Analyst Ratings Changes
Several research firms have weighed in on GOOGL. Bank of America increased their target price on Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Tuesday, January 31st. Morgan Stanley raised their price target on Alphabet from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Tigress Financial reduced their target price 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. Roth Capital restated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Finally, MKM Partners lifted their price objective on Alphabet from $120.00 to $126.00 in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.17.
Insider Buying and Selling at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was 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 in the company, valued at $7,922,966.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were bought at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the completion of the purchase, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $3,349,931.34. Following the sale, the senior vice president now directly owns 76,580 shares in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. Insiders have sold 112,192 shares of company stock worth $11,373,417 over the last 90 days. Corporate insiders own 11.44% of the company’s stock.
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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