Kelman Lazarov Inc. decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,412 shares of the information services provider’s stock after selling 413 shares during the period. Kelman Lazarov Inc.’s holdings in Alphabet were worth $1,448,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of GOOGL. VitalStone Financial LLC bought a new position in Alphabet in the fourth quarter worth about $25,000. IAG Wealth Partners LLC lifted 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 worth $26,000 after acquiring an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC lifted 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 worth $27,000 after acquiring an additional 266 shares during the last quarter. Laurel Wealth Planning LLC lifted its holdings 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 worth $29,000 after acquiring an additional 285 shares during the last quarter. Finally, Coston McIsaac & Partners increased its stake in shares of 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 purchasing an additional 304 shares during the period. Institutional investors own 34.06% of the company’s stock.
Alphabet Stock Performance
Shares of GOOGL opened at $105.32 on Wednesday. The company has a market capitalization of $1.35 trillion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. Alphabet Inc. has a one year low of $83.34 and a one year high of $122.85. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.34. The company’s fifty day moving average price is $100.73 and its 200 day moving average price is $96.74.
Insider Transactions at Alphabet
In other news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were bought at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. 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 dated 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 in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,539 shares of company stock worth $10,214,031. 11.44% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have commented on GOOGL. StockNews.com upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Robert W. Baird raised their price target on shares of Alphabet from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Oppenheimer raised their price target on shares of Alphabet from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Stifel Nicolaus began coverage on shares of Alphabet in a research note on Monday, March 20th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Alphabet in a research note on Monday, April 3rd. Three investment analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $130.06.
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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