Rockland Trust Co. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 18.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,790 shares of the information services provider’s stock after buying an additional 3,540 shares during the period. Rockland Trust Co.’s holdings in Alphabet were worth $2,370,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the business. Corrado Advisors LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $27,000. Gould Capital LLC grew its holdings in shares of Alphabet by 2,150.0% during the 3rd quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. My Personal CFO LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $34,000. Milestone Wealth LLC grew its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Finally, Lowe Wealth Advisors LLC grew its holdings in shares of Alphabet by 187.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 460 shares of the information services provider’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. 27.17% of the stock is owned by institutional investors.
Alphabet Trading Down 2.7 %
NASDAQ GOOG opened at $116.87 on Tuesday. The stock has a 50-day simple moving average of $120.39 and a 200 day simple moving average of $105.99. The company has a market capitalization of $1.48 trillion, a PE ratio of 26.03, a P/E/G ratio of 1.54 and a beta of 1.07. The company has a current ratio of 2.35, a quick ratio of 2.32 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 analysts recently commented on GOOG shares. Robert W. Baird boosted their price target on Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Raymond James boosted their price target on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. UBS Group boosted their price target on Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Finally, 92 Resources reaffirmed a “downgrade” rating on shares of Alphabet in a research note on Monday, June 26th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $131.77.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total value of $25,130.00. Following the completion of the transaction, the director now directly owns 5,740 shares of the company’s stock, valued at $721,231. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the transaction, 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 SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total value of $25,130.00. Following the transaction, 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. Over the last ninety days, insiders sold 832,682 shares of company stock valued at $26,077,123. 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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