Trilogy Capital Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the information services provider’s stock after purchasing an additional 123 shares during the period. Trilogy Capital Inc.’s holdings in Alphabet were worth $377,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. VitalStone Financial LLC purchased a new position in Alphabet during the fourth quarter valued at $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. purchased a new stake in shares of Alphabet in the fourth quarter worth $34,000. Finally, Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet in the third quarter worth $38,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.
Alphabet Trading Up 0.5 %
Shares of GOOGL stock opened at $119.70 on Friday. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The stock’s 50-day moving average price is $118.09 and its 200-day moving average price is $103.96. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $129.04.
Insider Buying and Selling at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the stock in a transaction 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 owns 76,580 shares in the company, valued at $7,922,966.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was 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 $7,922,966.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $12.72, for a total value of $347,128.80. Following the sale, the insider now owns 10,958,925 shares in the company, valued at $139,397,526. The disclosure for this sale can be found here. Insiders sold 826,544 shares of company stock worth $27,117,461 over the last 90 days. 0.88% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on GOOGL shares. Truist Financial increased their target price on Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Robert W. Baird upped their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Jefferies Financial Group upped their target price on shares of Alphabet from $130.00 to $150.00 in a research note on Tuesday, May 23rd. Piper Sandler boosted their price target on Alphabet from $117.00 to $128.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Alphabet in a research note on Monday, April 3rd. Seven equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price 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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