Oxinas Partners Wealth Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 32.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,347 shares of the information services provider’s stock after selling 3,959 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Alphabet were worth $866,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. FourThought Financial Partners LLC purchased a new position in Alphabet in the 4th quarter valued at about $5,415,000. Glenview Trust Co lifted its stake in shares of Alphabet by 10.7% during the fourth quarter. Glenview Trust Co now owns 458,830 shares of the information services provider’s stock valued at $40,483,000 after buying an additional 44,278 shares during the period. Bfsg LLC boosted its position in Alphabet by 160.5% during the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after acquiring an additional 4,975 shares during the last quarter. Ibex Investors LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $2,617,000. Finally, Arjuna Capital grew its stake in Alphabet by 2.8% in the 4th quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock worth $11,253,000 after acquiring an additional 3,427 shares during the period. Hedge funds and other institutional investors own 35.38% of the company’s stock.
Alphabet Price Performance
Shares of GOOGL stock opened at $122.34 on Friday. The firm has a fifty day moving average of $116.68 and a two-hundred day moving average of $103.15. The firm has a market cap of $1.55 trillion, a P/E ratio of 27.25, a P/E/G ratio of 1.57 and a beta of 1.09. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $129.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on GOOGL shares. 1-800-FLOWERS.COM restated a “downgrade” rating on shares of Alphabet in a report on Monday, May 15th. Bank of America lifted their price target on Alphabet from $125.00 to $128.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. JMP Securities reissued a “market outperform” rating and issued a $132.00 target price on shares of Alphabet in a research report on Thursday, March 16th. Loop Capital lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research report on Monday, May 15th. Finally, Stifel Nicolaus started coverage on shares of Alphabet in a report on Monday, March 20th. They issued a “buy” rating and a $130.00 price target on the stock. Five research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $129.67.
Insider Activity
In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average cost of $28.34 per share, for a total transaction of $8,783,444.54. Following the transaction, the insider now owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36. Following the transaction, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 854,930 shares of company stock worth $29,996,488. 0.88% of the stock is currently 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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