Investment House LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,709 shares of the information services provider’s stock after purchasing an additional 12,430 shares during the period. Alphabet accounts for 3.0% of Investment House LLC’s portfolio, making the stock its 6th largest holding. Investment House LLC’s holdings in Alphabet were worth $31,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of GOOGL. VitalStone Financial LLC acquired a new stake in Alphabet during the 4th quarter worth $25,000. IAG Wealth Partners LLC grew its stake in shares of Alphabet by 3,275.0% during the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares during the period. Artemis Wealth Advisors LLC increased 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 purchasing an additional 266 shares during the last quarter. Laurel Wealth Planning LLC increased 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 valued at $29,000 after purchasing an additional 285 shares during the last quarter. 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. Institutional investors and hedge funds own 34.06% of the company’s stock.
Alphabet Stock Up 4.1 %
GOOGL stock opened at $111.75 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $122.43. The stock has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 24.89, a PEG ratio of 1.35 and a beta of 1.10. The business’s fifty day moving average price is $102.74 and its two-hundred day moving average price is $97.05.
Insider Activity
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the business’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 directly owns 76,580 shares in the company, valued at $7,922,966.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of Alphabet stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the acquisition, the insider now directly owns 1,709,527 shares in the company, valued at $50,072,045.83. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 732,217 shares of company stock worth $21,135,371 and have sold 238,811 shares worth $15,576,939. 11.44% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $130.00 price target on shares of Alphabet in a report on Friday, February 10th. Loop Capital raised their target price on shares of Alphabet from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. BNP Paribas upgraded shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price target for the company in a report on Friday, March 17th. Rosenblatt Securities dropped their price objective on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Finally, Bank of America upped their target price on shares of Alphabet from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Three research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.06.
Alphabet 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.
Further Reading
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