Tufton Capital Management grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,493 shares of the information services provider’s stock after acquiring an additional 2,665 shares during the period. Alphabet accounts for 2.6% of Tufton Capital Management’s holdings, making the stock its 4th largest position. Tufton Capital Management’s holdings in Alphabet were worth $12,219,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Monarch Capital Management Inc. raised its position in shares of Alphabet by 4.0% in the fourth quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock valued at $3,612,000 after buying an additional 1,562 shares in the last quarter. Matthew Goff Investment Advisor LLC raised its position in shares of Alphabet by 4.2% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock valued at $655,000 after buying an additional 300 shares in the last quarter. Gould Capital LLC raised its position in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after buying an additional 301 shares in the last quarter. Meyer Handelman Co. raised its position in shares of Alphabet by 7.4% in the first quarter. Meyer Handelman Co. now owns 264,040 shares of the information services provider’s stock valued at $27,460,000 after buying an additional 18,210 shares in the last quarter. Finally, Galibier Capital Management Ltd. raised its position in shares of Alphabet by 54.9% in the fourth quarter. Galibier Capital Management Ltd. now owns 10,502 shares of the information services provider’s stock valued at $932,000 after buying an additional 3,722 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Performance
Shares of Alphabet stock opened at $120.56 on Tuesday. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $129.55. The stock has a market cap of $1.53 trillion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.55 and a beta of 1.09. The company’s fifty day moving average is $119.04 and its 200 day moving average is $104.92.
Analyst Ratings Changes
GOOG has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Raymond James lifted their price target on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. Robert W. Baird boosted their price objective on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. Oppenheimer lowered their price objective on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 200 shares of the business’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 sale, the director now owns 5,740 shares of the company’s stock, valued at $721,231. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $123.73, for a total transaction of $29,695.20. Following the sale, the director now owns 12,800 shares of the company’s stock, valued at $1,583,744. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $25,130.00. Following the sale, the director now directly owns 5,740 shares in the company, valued at approximately $721,231. The disclosure for this sale can be found here. Insiders have sold a total of 816,599 shares of company stock valued at $24,142,177 over the last 90 days. 12.99% of the stock is owned by insiders.
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.
Read More
- Five stocks we like better than Alphabet
- Tesla Production Cranks Into High Gear, Shares Follow
- Ford Soars 30% YTD After Breaking Out: What’s Next?
- Acuity Brands Lights Up Opportunity In The Industrial Sector
- Overstock Looks Beyond Overbought After Bed Bath Re-Brand
- Tecnoglass Shines Bright As Analysts Bullish On Growth Potential
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
