Thomasville National Bank increased its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,726 shares of the information services provider’s stock after buying an additional 4,846 shares during the period. Alphabet accounts for 3.1% of Thomasville National Bank’s holdings, making the stock its 6th largest position. Thomasville National Bank’s holdings in Alphabet were worth $29,924,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westchester Capital Management Inc. raised its position in shares of Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after buying an additional 247 shares in the last quarter. Corrado Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $27,000. Gould Capital LLC raised its position in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after buying an additional 301 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in Alphabet by 1,900.0% in the third quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 304 shares during the last quarter. Finally, My Personal CFO LLC bought a new position in Alphabet in the fourth quarter valued at approximately $34,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Price Performance
Shares of NASDAQ GOOG opened at $123.85 on Wednesday. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $129.55. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The firm’s 50-day simple moving average is $116.42 and its 200 day simple moving average is $103.27.
Insider Buying and Selling at Alphabet
In other news, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was purchased at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the purchase, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the completion of the sale, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the purchase, the insider now owns 2,243,665 shares in the company, valued at $63,585,466.10. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 839,959 shares of company stock worth $29,807,816. Insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on GOOG. Oppenheimer decreased their price objective on shares of Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. UBS Group lifted their price objective on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Robert W. Baird lifted their price objective on shares of Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Finally, Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $132.80.
About Alphabet
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.
Further Reading
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