Weil Company Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,793 shares of the information services provider’s stock after buying an additional 1,048 shares during the quarter. Alphabet comprises approximately 1.2% of Weil Company Inc.’s holdings, making the stock its 17th biggest position. Weil Company Inc.’s holdings in Alphabet were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FourThought Financial Partners LLC bought a new position in Alphabet during the fourth quarter worth $5,415,000. Willow Creek Wealth Management Inc. boosted its position in shares of Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock valued at $1,774,000 after acquiring an additional 17,631 shares during the period. Bfsg LLC boosted its position in shares of Alphabet by 160.5% in the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after acquiring an additional 4,975 shares during the period. Ibex Investors LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $2,617,000. Finally, Arjuna Capital boosted its position in shares of Alphabet by 2.8% in the fourth quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock valued at $11,253,000 after acquiring an additional 3,427 shares during the period. 34.06% of the stock is owned by institutional investors.
Alphabet Price Performance
Alphabet stock opened at $116.57 on Friday. The stock has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.35 and a beta of 1.10. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $122.43. The stock’s 50 day moving average price is $103.23 and its two-hundred day moving average price is $97.19. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35.
Insiders Place Their Bets
In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the company’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 transaction, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares in the company, valued at $161,385,455.88. The disclosure for this sale can be found here. In the last three months, insiders have acquired 732,217 shares of company stock worth $21,135,371 and have sold 238,811 shares worth $15,576,939. Company insiders own 11.44% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on GOOGL. JMP Securities reissued a “market outperform” rating and issued a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. Stifel Nicolaus began coverage on shares of Alphabet in a research report on Monday, March 20th. They issued a “buy” rating and a $130.00 target price for the company. Oppenheimer boosted their price target on Alphabet from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. MKM Partners boosted their price target on Alphabet from $120.00 to $126.00 in a research note on Friday, February 3rd. Finally, Raymond James boosted their price target on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.
Read More
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