Petredis Investment Advisors LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 203,439 shares of the information services provider’s stock, valued at approximately $17,949,000. Alphabet makes up approximately 3.2% of Petredis Investment Advisors LLC’s portfolio, making the stock its 8th biggest holding.
Several other large investors have also modified their holdings of GOOGL. VitalStone Financial LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $25,000. IAG Wealth Partners LLC boosted its position in shares of 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 buying an additional 262 shares during the period. Artemis Wealth Advisors LLC boosted its position in shares of 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 buying an additional 266 shares during the period. Laurel Wealth Planning LLC boosted its position in shares of 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 buying an additional 285 shares during the period. Finally, Coston McIsaac & Partners boosted its position 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 worth $30,000 after buying an additional 304 shares during the period. 34.06% of the stock is owned by institutional investors.
Alphabet Stock Down 1.8 %
NASDAQ GOOGL opened at $105.32 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.34 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $100.73 and its two-hundred day moving average is $96.74. The company has a market capitalization of $1.35 trillion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.39 and a beta of 1.10. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $122.85.
Insider Activity
In other news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at approximately $2,788,486.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,539 shares of company stock worth $10,214,031. Insiders own 11.44% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on GOOGL. Sanford C. Bernstein cut their price objective on Alphabet from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, April 20th. Wells Fargo & Company increased their price objective on Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. UBS Group increased their price objective on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 3rd. Finally, Citigroup increased their price objective on Alphabet from $120.00 to $130.00 in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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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