Carderock Capital Management Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 600 shares of the information services provider’s stock, valued at approximately $62,000.
Several other large investors have also recently added to or reduced their stakes in GOOG. DC Investments Management LLC acquired a new stake in Alphabet during the first quarter worth about $115,000. Guardian Wealth Management Inc. acquired a new stake in Alphabet during the first quarter worth about $184,000. Turim 21 Investimentos Ltda. increased its stake in Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the last quarter. qPULA Trading Management LP acquired a new stake in Alphabet during the first quarter worth about $279,000. Finally, Wayfinding Financial LLC acquired a new stake in Alphabet during the fourth quarter worth about $294,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Price Performance
Shares of NASDAQ GOOG opened at $120.56 on Tuesday. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $129.55. The business has a 50 day moving average price of $119.04 and a two-hundred day moving average price of $104.92. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.53 trillion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Oppenheimer dropped their price target on Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. Robert W. Baird increased their target price on Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft increased their target price on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Raymond James increased their target price on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. Finally, UBS Group increased 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. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $132.80.
Insider Buying and Selling
In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was bought at an average cost of $28.34 per share, for a total transaction of $8,783,444.54. Following the acquisition, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 816,599 shares of company stock valued at $24,142,177. Insiders own 12.99% of the company’s stock.
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.
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