Atwater Malick LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,934 shares of the information services provider’s stock after buying an additional 2,491 shares during the period. Alphabet makes up approximately 3.4% of Atwater Malick LLC’s holdings, making the stock its 17th largest position. Atwater Malick LLC’s holdings in Alphabet were worth $6,876,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. DC Investments Management LLC acquired a new stake in Alphabet in the first quarter valued at about $114,000. Bridgefront Capital LLC acquired a new stake in Alphabet in the first quarter valued at about $225,000. Worth Asset Management LLC acquired a new stake in Alphabet in the first quarter valued at about $206,000. Eudaimonia Advisors LLC lifted its position in Alphabet by 15.1% in the first quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock valued at $275,000 after purchasing an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC acquired a new stake in Alphabet in the first quarter valued at about $281,000. Institutional investors and hedge funds own 34.06% of the company’s stock.
Alphabet Stock Performance
NASDAQ:GOOGL opened at $123.83 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.56 and a beta of 1.09. The firm’s fifty day simple moving average is $114.06 and its 200 day simple moving average is $101.80. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $129.04.
Insider Buying and Selling
In other news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction 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 business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director now directly owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The disclosure for this sale can be found here. Insiders have sold 819,533 shares of company stock valued at $32,654,423 in the last quarter. Company insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on GOOGL shares. Truist Financial increased their target price on shares of Alphabet from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Wolfe Research raised their price objective on shares of Alphabet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Morgan Stanley raised their price objective on shares of Alphabet from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Bank of America raised their price objective 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. Finally, Loop Capital cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research note on Monday, May 15th. Five investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.67.
Alphabet Company Profile
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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