Actiam N.V. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 56.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,152,108 shares of the information services provider’s stock after buying an additional 413,452 shares during the period. Alphabet makes up 8.5% of Actiam N.V.’s investment portfolio, making the stock its 5th biggest holding. Actiam N.V.’s holdings in Alphabet were worth $101,650,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. FourThought Financial Partners LLC bought a new stake in shares of Alphabet in the 4th quarter worth about $5,415,000. Willow Creek Wealth Management Inc. increased its holdings in Alphabet by 1,926.9% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock valued at $1,774,000 after purchasing an additional 17,631 shares in the last quarter. Bfsg LLC increased its holdings in Alphabet by 160.5% during the 4th quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after purchasing an additional 4,975 shares in the last quarter. Ibex Investors LLC acquired a new stake in Alphabet during the 4th quarter valued at $2,617,000. Finally, Arjuna Capital increased its holdings in Alphabet by 2.8% during the 4th quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock valued at $11,253,000 after purchasing an additional 3,427 shares in the last quarter. 34.06% of the stock is owned by institutional investors.
Alphabet Stock Up 0.8 %
GOOGL stock opened at $117.51 on Friday. The stock has a market capitalization of $1.49 trillion, a P/E ratio of 26.17, a P/E/G ratio of 1.35 and a beta of 1.10. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $122.43. The business has a 50-day moving average of $103.71 and a 200-day moving average of $97.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.
Insider Activity
In other Alphabet news, Director Ann Mather sold 380 shares of the firm’s 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 sale, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,017,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ann Mather sold 380 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following 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 available at this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 76,580 shares in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 732,217 shares of company stock valued at $21,135,371 and have sold 326,208 shares valued at $16,803,119. 11.44% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of equities analysts have weighed in on GOOGL shares. UBS Group boosted their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Robert W. Baird boosted their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Wells Fargo & Company boosted their target price on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Barclays upped 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. Finally, Piper Sandler upped their price target on Alphabet from $117.00 to $128.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Three analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average 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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