Wellington Shields Capital Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 265,522 shares of the information services provider’s stock after selling 14,218 shares during the period. Alphabet makes up approximately 1.5% of Wellington Shields Capital Management LLC’s holdings, making the stock its 4th biggest position. Wellington Shields Capital Management LLC’s holdings in Alphabet were worth $12,662,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Totem Point Management LLC boosted its holdings in Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after buying an additional 571 shares in the last quarter. Somerville Kurt F boosted its holdings in Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares in the last quarter. BCK Partners Inc. bought a new stake in Alphabet during the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after buying an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. boosted its holdings in Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.
Alphabet Stock Down 0.0 %
Alphabet stock opened at $124.38 on Thursday. The company has a market capitalization of $1.58 trillion, a P/E ratio of 27.70, a P/E/G ratio of 1.57 and a beta of 1.09. The firm’s fifty day simple moving average is $115.08 and its 200-day simple moving average is $102.53. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $129.55.
Analysts Set New Price Targets
GOOG has been the subject of a number of research reports. Raymond James raised their target price on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. UBS Group upped their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Robert W. Baird upped their price target on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. Finally, Oppenheimer reduced their price target on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.
Insider Activity at Alphabet
In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the transaction, the director now directly owns 5,740 shares in the company, valued at approximately $721,231. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the transaction, the director now directly owns 5,740 shares in the company, valued at approximately $721,231. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 16,031 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $14.98, for a total transaction of $240,144.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 804,467 shares of company stock worth $29,279,070. 12.99% of the stock is owned by insiders.
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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