AE Wealth Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 665,783 shares of the information services provider’s stock after acquiring an additional 6,489 shares during the period. AE Wealth Management LLC’s holdings in Alphabet were worth $69,062,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of GOOGL. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares during the last quarter. State Street Corp raised its stake in Alphabet by 1,900.6% during the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares during the period. Price T Rowe Associates Inc. MD grew its position in Alphabet by 1,759.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Finally, Norges Bank acquired a new stake in Alphabet in the 4th quarter worth $8,335,063,000. 35.38% of the stock is currently owned by institutional investors.
Alphabet Stock Down 0.9 %
Shares of NASDAQ GOOGL opened at $119.10 on Friday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $129.04. The firm’s 50-day moving average is $117.80 and its 200-day moving average is $103.78. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.51 trillion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.51 and a beta of 1.09.
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was 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 approximately $721,231. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the completion of the sale, the director now owns 5,740 shares in the company, valued at approximately $721,231. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 826,544 shares of company stock valued at $27,117,461. 0.88% of the stock is currently owned by company insiders.
Analyst Ratings Changes
GOOGL has been the subject of several recent research reports. Robert W. Baird upped their price target on Alphabet from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Raymond James upped their target price on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Royal Bank of Canada lifted their price target on shares of Alphabet from $130.00 to $132.00 in a research note on Wednesday, April 26th. Stifel Nicolaus started coverage on shares of Alphabet in a research note on Monday, March 20th. They issued a “buy” rating and a $130.00 price objective for the company. Finally, Loop Capital lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Monday, May 15th. Seven analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.63.
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.
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