MBA Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,980 shares of the information services provider’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Jmac Enterprises LLC increased its position in Alphabet by 6.0% during the first quarter. Jmac Enterprises LLC now owns 17,707 shares of the information services provider’s stock worth $1,842,000 after acquiring an additional 1,005 shares during the period. Monarch Capital Management Inc. increased its holdings in Alphabet by 4.0% in the 4th 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 during the period. Matthew Goff Investment Advisor LLC increased its holdings in Alphabet by 4.2% in the 4th 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 during the period. Gould Capital LLC increased its holdings in 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 buying an additional 301 shares during the period. Finally, Meyer Handelman Co. increased its holdings in Alphabet by 7.4% in the 1st 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 during the period. Institutional investors own 27.17% of the company’s stock.
Alphabet Stock Down 0.7 %
Shares of NASDAQ GOOG opened at $120.14 on Friday. The firm’s 50-day simple moving average is $120.21 and its 200 day simple moving average is $105.57. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. 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 12-month low of $83.45 and a 12-month high of $129.55.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Oppenheimer lowered their price target on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. 92 Resources reissued a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. Raymond James boosted their price target on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.77.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total transaction of $25,130.00. Following the transaction, the director now directly owns 5,740 shares in the company, valued at approximately $721,231. The transaction was disclosed in a 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 dated 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 transaction, the senior vice president now directly owns 127,028 shares in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares of the company’s stock, valued at $721,231. The disclosure for this sale can be found here. In the last three months, insiders have sold 832,682 shares of company stock worth $26,077,123. Company insiders own 12.99% of the company’s stock.
About Alphabet
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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