Edgemoor Investment Advisors Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,561 shares of the information services provider’s stock after acquiring an additional 1,781 shares during the quarter. Alphabet makes up 1.7% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 13th largest holding. Edgemoor Investment Advisors Inc.’s holdings in Alphabet were worth $13,902,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. VitalStone Financial LLC bought a new position in shares of Alphabet in the fourth quarter worth about $25,000. IAG Wealth Partners LLC raised its stake 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 raised its stake 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 raised its stake 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 raised 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 worth $30,000 after buying an additional 304 shares during the period. Institutional investors own 34.06% of the company’s stock.
Alphabet Stock Performance
Shares of Alphabet stock opened at $107.35 on Wednesday. The stock’s fifty day moving average is $102.31 and its two-hundred day moving average is $96.95. The company has a market capitalization of $1.36 trillion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $122.43.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. UBS Group raised their price objective on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. StockNews.com raised Alphabet from a “hold” rating to a “buy” rating in a research note on Wednesday, April 26th. Loop Capital lifted their target price on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. KeyCorp decreased their target price on Alphabet from $118.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, January 30th. Finally, BNP Paribas raised Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 target price on the stock in a research note on Friday, March 17th. Three analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.06.
Insiders Place Their Bets
In other Alphabet news, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $90.15, for a total value of $57,425.55. Following the completion of the sale, the chief accounting officer now directly owns 25,442 shares in the company, valued at approximately $2,293,596.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares of the company’s stock, valued at $1,017,565. The disclosure for this sale can be found here. In the last ninety days, insiders bought 732,217 shares of company stock worth $21,135,371 and sold 138,039 shares worth $14,153,031. Company 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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