Keystone Wealth Services LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,598 shares of the information services provider’s stock after buying an additional 158 shares during the period. Keystone Wealth Services LLC’s holdings in Alphabet were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Thrive Wealth Management LLC lifted its stake in shares of Alphabet by 18.5% in the first quarter. Thrive Wealth Management LLC now owns 9,793 shares of the information services provider’s stock valued at $1,016,000 after buying an additional 1,527 shares in the last quarter. Omega Financial Group LLC bought a new position in shares of Alphabet during the first quarter valued at about $222,000. Cypress Wealth Services LLC lifted its position in shares of Alphabet by 43.7% during the first quarter. Cypress Wealth Services LLC now owns 22,386 shares of the information services provider’s stock valued at $2,322,000 after purchasing an additional 6,810 shares in the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Alphabet by 3.3% during the first quarter. 180 Wealth Advisors LLC now owns 38,177 shares of the information services provider’s stock valued at $3,960,000 after purchasing an additional 1,224 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its position in shares of Alphabet by 9.9% during the first quarter. HBW Advisory Services LLC now owns 35,223 shares of the information services provider’s stock valued at $3,654,000 after purchasing an additional 3,165 shares in the last quarter. 35.38% of the stock is owned by institutional investors.
Alphabet Trading Down 0.3 %
Shares of Alphabet stock opened at $123.10 on Wednesday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $129.04. The firm has a market cap of $1.56 trillion, a PE ratio of 27.42, a PEG ratio of 1.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The company has a 50 day simple moving average of $115.78 and a two-hundred day simple moving average of $102.68.
Insider Buying and Selling at Alphabet
In other news, insider John Kent Walker sold 29,006 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $101.84, for a total value of $2,953,971.04. Following the completion of the sale, the insider now directly owns 24,277 shares in the company, valued at approximately $2,472,369.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction that occurred on 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 directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 29,006 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $101.84, for a total transaction of $2,953,971.04. Following the completion of the sale, the insider now owns 24,277 shares of the company’s stock, valued at $2,472,369.68. The disclosure for this sale can be found here. Insiders sold a total of 817,525 shares of company stock worth $29,433,168 over the last three months. 0.88% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms recently weighed in on GOOGL. Robert W. Baird raised their price target on shares of Alphabet from $120.00 to $123.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. UBS Group raised 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. Wolfe Research raised their price target on shares of Alphabet from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Royal Bank of Canada raised their price target on shares of Alphabet from $130.00 to $132.00 in a research report on Wednesday, April 26th. Finally, BNP Paribas raised shares of Alphabet from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research report on Friday, March 17th. Five equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.67.
About Alphabet
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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