TKG Advisors LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,441 shares of the information services provider’s stock, valued at approximately $462,000.
A number of other institutional investors have also recently bought and sold shares of GOOG. Totem Point Management LLC increased its stake in Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after acquiring an additional 571 shares during the period. Somerville Kurt F lifted its position in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the period. BCK Partners Inc. bought a new stake in shares of Alphabet during the 1st quarter valued at $2,564,000. Hall Capital Management Co. Inc. lifted its position in shares of Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares during the period. Finally, Fairfield Bush & CO. lifted its position in shares of Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares during the period. Institutional investors own 27.17% of the company’s stock.
Alphabet Stock Down 0.3 %
Shares of Alphabet stock opened at $120.56 on Tuesday. 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 stock’s 50-day moving average is $119.04 and its 200 day moving average is $104.92. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.55 and a beta of 1.09.
Analysts Set New Price Targets
A number of research firms have recently weighed in on GOOG. Raymond James upped their target price on Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. Robert W. Baird boosted their price target on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. UBS Group boosted their price target on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Oppenheimer lowered their price target on Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $132.80.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the completion of the acquisition, the insider now directly owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the transaction, the chief accounting officer now directly owns 25,937 shares in the company, valued at approximately $2,788,486.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 816,599 shares of company stock worth $24,142,177. Corporate insiders own 12.99% of the company’s stock.
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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