Birch Capital Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 49.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,920 shares of the information services provider’s stock after buying an additional 1,300 shares during the period. Birch Capital Management LLC’s holdings in Alphabet were worth $346,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. VitalStone Financial LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $25,000. IAG Wealth Partners LLC increased its holdings in shares of Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Artemis Wealth Advisors LLC increased its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Laurel Wealth Planning LLC increased its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares during the period. Finally, Coston McIsaac & Partners increased its holdings in shares of Alphabet by 1,900.0% in the 3rd 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 and hedge funds own 34.06% of the company’s stock.
Alphabet Stock Performance
Shares of NASDAQ GOOGL opened at $105.41 on Thursday. The business has a fifty day simple moving average of $101.00 and a 200 day simple moving average of $96.80. 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 firm has a market capitalization of $1.35 trillion, a price-to-earnings ratio of 23.48, a PEG 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.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Alphabet from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. Barclays boosted 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. Credit Suisse Group lowered their price target on Alphabet from $136.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, April 26th. Sanford C. Bernstein lowered their price target on Alphabet from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Thursday, April 20th. Finally, StockNews.com raised Alphabet from a “hold” rating to a “buy” rating in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.06.
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction 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 directly owns 76,580 shares in the company, valued at $7,922,966.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the transaction, the director now directly owns 11,300 shares in the company, valued at $1,017,565. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $103.46, for a total value of $3,349,931.34. Following the transaction, 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. Insiders sold 100,539 shares of company stock worth $10,214,031 over the last three months. 11.44% of the stock is currently owned by corporate insiders.
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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