Atlas Private Wealth Advisors boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,350 shares of the information services provider’s stock after acquiring an additional 711 shares during the period. Atlas Private Wealth Advisors’ holdings in Alphabet were worth $1,076,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Alphabet by 1,885.5% during the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock valued at $40,593,957,000 after buying an additional 400,930,216 shares during the last quarter. BlackRock Inc. raised its position in shares of Alphabet by 1,857.3% during the third quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after buying an additional 345,962,033 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Alphabet by 1,770.6% during the third quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after buying an additional 192,607,045 shares during the last quarter. State Street Corp raised its position in shares of Alphabet by 1,851.7% during the third quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after buying an additional 186,809,281 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Alphabet by 61,587.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after buying an additional 129,835,437 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.
Alphabet Price Performance
GOOG opened at $123.02 on Friday. Alphabet Inc. has a one year low of $83.45 and a one year high of $129.55. 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’s 50 day simple moving average is $117.33 and its 200-day simple moving average is $103.70. The stock has a market capitalization of $1.56 trillion, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.
Analysts Set New Price Targets
A number of research analysts have recently commented on GOOG shares. Oppenheimer cut their price objective on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. Raymond James increased their price target on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. UBS Group increased their price target on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Finally, Robert W. Baird increased their price target on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.80.
Insider Activity
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’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 transaction, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, insider John Kent Walker sold 29,006 shares of the firm’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 transaction, the insider now directly owns 24,277 shares of the company’s stock, valued at $2,472,369.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 32,379 shares of the firm’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 transaction of $3,349,931.34. Following the completion of the transaction, the senior vice president now directly owns 76,580 shares in the company, valued at $7,922,966.80. The disclosure for this sale can be found here. Insiders have sold 877,364 shares of company stock valued at $30,371,135 over the last three months. 12.99% of the stock is owned by insiders.
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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