Catalyst Wealth Management LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,872 shares of the information services provider’s stock after acquiring an additional 167 shares during the period. Catalyst Wealth Management LLC’s holdings in Alphabet were worth $817,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. VitalStone Financial LLC bought a new stake in Alphabet during the fourth quarter worth approximately $25,000. Live Oak Investment Partners bought a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. McElhenny Sheffield Capital Management LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the fourth quarter valued at approximately $34,000. Finally, TFO TDC LLC grew its stake in shares of Alphabet by 952.6% during the third quarter. TFO TDC LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after buying an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.
Alphabet Price Performance
Shares of GOOGL opened at $123.15 on Friday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $129.04. 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 company has a market capitalization of $1.56 trillion, a P/E ratio of 27.43, a P/E/G ratio of 1.57 and a beta of 1.09. The business’s 50-day moving average is $116.41 and its two-hundred day moving average is $102.95.
Insider Activity
In related news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the transaction, the director now directly owns 5,740 shares in the company, valued at $721,231. The disclosure for this sale can be found here. Insiders have sold 854,930 shares of company stock worth $29,996,488 in the last ninety days. Company insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. Sanford C. Bernstein cut their target price on Alphabet from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Thursday, April 20th. Wells Fargo & Company initiated coverage on Alphabet in a research note on Wednesday, June 7th. They set an “equal weight” rating and a $117.00 target price on the stock. Raymond James boosted their price target on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Evercore ISI boosted their price target on Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Finally, Piper Sandler boosted their price target on Alphabet from $117.00 to $128.00 and gave the company an “overweight” rating in a report on Wednesday, April 26th. Five research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.
Featured Stories
- Get a free research report on Alphabet from StockNews.com
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Darden Restaurants: Ring The Register Or Time To Buy?
- United Airlines: Cleared For Takeoff As It Approaches Buy Point?
- KB Home Hits Peak: Pullback Imminent
- Five stocks we like better than Alphabet
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
