ShoreHaven Wealth Partners LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,805 shares of the information services provider’s stock after purchasing an additional 100 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in Alphabet were worth $498,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of GOOGL. VitalStone Financial LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $25,000. Live Oak Investment Partners acquired a new position in shares of Alphabet in the 4th quarter valued at $26,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $33,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet in the 4th quarter valued at $34,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of Alphabet in the 3rd quarter valued at $38,000. 35.38% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Trading Down 0.0 %
Alphabet stock opened at $118.33 on Wednesday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $117.21 and a two-hundred day moving average price of $103.56. The firm has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.56 and a beta of 1.09. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $129.04.
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 sale, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $15.06, for a total transaction of $563,319.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 825,924 shares of company stock worth $27,042,517. 0.88% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have weighed in on GOOGL. Roth Mkm lifted their price target on shares of Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. JMP Securities reiterated a “market outperform” rating and issued a $132.00 price target on shares of Alphabet in a report on Thursday, March 16th. Stifel Nicolaus began 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. Credit Suisse Group cut their target price on shares of Alphabet from $136.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 26th. Finally, Evercore ISI raised their target price on shares of Alphabet from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.90.
Alphabet 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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