Bender Robert & Associates trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,812 shares of the information services provider’s stock after selling 639 shares during the period. Alphabet comprises about 2.0% of Bender Robert & Associates’ investment portfolio, making the stock its 14th biggest position. Bender Robert & Associates’ holdings in Alphabet were worth $6,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Spreng Capital Management Inc. boosted its position in shares of Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after acquiring an additional 5 shares in the last quarter. West Family Investments Inc. boosted its position in Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after buying an additional 6 shares in the last quarter. Maple Capital Management Inc. lifted its holdings in shares of Alphabet by 2.1% during the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares during the period. Private Advisory Group LLC lifted its holdings in shares of Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after purchasing an additional 7 shares during the period. Finally, Weik Capital Management lifted its holdings in shares of Alphabet by 0.5% during the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after purchasing an additional 8 shares during the period. 35.38% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Down 2.5 %
Shares of NASDAQ:GOOGL opened at $116.45 on Tuesday. The business has a 50-day moving average price of $119.73 and a 200 day moving average price of $105.37. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 25.94, a PEG ratio of 1.53 and a beta of 1.06. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $129.04.
Insider Buying and Selling at Alphabet
In related news, CAO Amie Thuener O’toole sold 637 shares of the 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 completion of the sale, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $12.72, for a total value of $347,128.80. Following the sale, the insider now directly owns 10,958,925 shares of the company’s stock, valued at approximately $139,397,526. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 637 shares of Alphabet 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 directly owns 25,937 shares in the company, valued at $2,788,486.87. The disclosure for this sale can be found here. Insiders have sold 810,248 shares of company stock worth $25,702,475 over the last three months. Insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on GOOGL. Needham & Company LLC restated a “buy” rating and issued a $115.00 target price on shares of Alphabet in a report on Monday, April 3rd. Sanford C. Bernstein downgraded shares of Alphabet from an “outperform” rating to a “market perform” rating and set a $125.00 target price for the company. in a research report on Tuesday, June 27th. Citigroup upped their price objective on shares of Alphabet from $120.00 to $130.00 in a research report on Wednesday, April 26th. 888 reissued a “downgrade” rating on shares of Alphabet in a research report on Monday, June 26th. Finally, Stifel Nicolaus initiated coverage on shares of Alphabet in a research note on Monday, March 20th. They set a “buy” rating and a $130.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.81.
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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