Asio Capital LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,519 shares of the information services provider’s stock after buying an additional 1,361 shares during the period. Alphabet accounts for 2.1% of Asio Capital LLC’s holdings, making the stock its 8th biggest holding. Asio Capital LLC’s holdings in Alphabet were worth $8,166,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Corrado Advisors LLC bought a new stake in Alphabet in the fourth quarter valued at $27,000. Gould Capital LLC increased its stake in Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock valued at $30,000 after purchasing an additional 301 shares in the last quarter. My Personal CFO LLC acquired a new position in shares of Alphabet during the fourth quarter valued at about $34,000. Milestone Wealth LLC grew its holdings in shares of Alphabet by 1,900.0% during the third quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after buying an additional 361 shares during the last quarter. Finally, Lowe Wealth Advisors LLC grew its holdings in shares of Alphabet by 187.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 460 shares of the information services provider’s stock valued at $41,000 after buying an additional 300 shares during the last quarter. 27.17% of the stock is owned by institutional investors.
Alphabet Stock Up 0.7 %
GOOG opened at $117.71 on Wednesday. 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 stock has a market cap of $1.49 trillion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.54 and a beta of 1.07. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $129.55. The company’s 50-day moving average price is $120.63 and its two-hundred day moving average price is $106.19.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. UBS Group lifted their price objective 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 reduced their price objective on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Finally, Raymond James boosted their price target on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.77.
Insider Buying and Selling at Alphabet
In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total value of $25,130.00. Following the sale, the director now 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 is accessible through the SEC website. In other news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the sale, the senior vice president now 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 is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $125.65, for a total transaction of $25,130.00. Following the completion of the sale, the director now directly owns 5,740 shares in the company, valued at approximately $721,231. The disclosure for this sale can be found here. Insiders have sold a total of 832,682 shares of company stock worth $26,077,123 over the last three months. 12.99% of the stock is currently owned by insiders.
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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