Nadler Financial Group Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,850 shares of the information services provider’s stock after buying an additional 790 shares during the quarter. Nadler Financial Group Inc.’s holdings in Alphabet were worth $711,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bornite Capital Management LP acquired a new position in Alphabet in the 1st quarter valued at $16,688,000. Markel Corp grew its stake in Alphabet by 17.0% in the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after buying an additional 2,250 shares during the last quarter. United Bank grew its stake in Alphabet by 5.9% in the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock valued at $5,654,000 after buying an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Alphabet by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management grew its position in Alphabet by 20.4% in the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.
Alphabet Stock Performance
Shares of GOOGL opened at $120.11 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $129.04. The firm’s 50 day moving average price is $119.30 and its two-hundred day moving average price is $104.73. The firm has a market cap of $1.53 trillion, a P/E ratio of 26.75, a PEG ratio of 1.53 and a beta of 1.06.
Insider Buying and Selling at Alphabet
In other news, CAO Amie Thuener O’toole sold 637 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the sale, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the sale, the senior vice president now directly owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total transaction of $68,483.87. Following the sale, the chief accounting officer now directly 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 have sold 810,248 shares of company stock valued at $25,702,475. 0.88% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
GOOGL has been the topic of several research analyst reports. Credit Suisse Group decreased their price target on shares of Alphabet from $136.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 26th. Raymond James raised their price target on shares of Alphabet from $119.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Roth Mkm raised their price target on shares of Alphabet from $126.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. JMP Securities restated a “market outperform” rating and issued a $132.00 price target on shares of Alphabet in a research report on Thursday, March 16th. Finally, Citigroup raised their price objective on shares of Alphabet from $120.00 to $130.00 in a report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.54.
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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