OLD National Bancorp IN grew its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 9.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 64,989 shares of the information services provider’s stock after buying an additional 5,855 shares during the quarter. OLD National Bancorp IN’s holdings in Alphabet were worth $6,759,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Corrado Advisors LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $27,000. Gould Capital LLC lifted its stake in shares of Alphabet by 2,150.0% in the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 301 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares during the period. My Personal CFO LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $34,000. Finally, Milestone Wealth LLC lifted its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 361 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.
Alphabet Stock Performance
Shares of GOOG opened at $120.56 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. Alphabet Inc. has a one year low of $83.45 and a one year high of $129.55. The firm has a market capitalization of $1.53 trillion, a P/E ratio of 26.85, a PEG ratio of 1.55 and a beta of 1.09. The business has a fifty day moving average of $119.04 and a 200 day moving average of $104.92.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on GOOG. UBS Group raised their target price on Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Raymond James lifted their price objective on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Robert W. Baird lifted their price objective on Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Finally, Oppenheimer lowered their price objective on Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $132.80.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the completion of the sale, the director now owns 107,240 shares of the company’s stock, valued at $11,264,489.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Kavitark Ram Shriram sold 37,500 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $105.04, for a total value of $3,939,000.00. Following the transaction, the director now directly owns 107,240 shares in the company, valued at $11,264,489.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were 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 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 sold 816,599 shares of company stock valued at $24,142,177. Company 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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