Everett Harris & Co. CA trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,162,124 shares of the information services provider’s stock after selling 21,935 shares during the period. Alphabet makes up 3.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 6th largest holding. Everett Harris & Co. CA’s holdings in Alphabet were worth $224,861,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Corrado Advisors LLC bought a new position in shares of Alphabet in the fourth quarter valued at $27,000. Gould Capital LLC boosted its holdings in 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 acquiring an additional 301 shares during the last quarter. My Personal CFO LLC bought a new stake in shares of Alphabet in the 4th quarter worth $34,000. Milestone Wealth LLC raised its holdings in shares of Alphabet by 1,900.0% in the third quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Finally, Lowe Wealth Advisors LLC lifted its position 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 purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.
Alphabet Trading Up 1.6 %
Shares of GOOG stock opened at $119.62 on Thursday. The firm has a market cap of $1.52 trillion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07. 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. The business has a 50-day moving average price of $120.90 and a two-hundred day moving average price of $106.29.
Analyst Ratings Changes
Several research firms recently weighed in on GOOG. Oppenheimer reduced their price target on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. UBS Group raised their target price on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Finally, Robert W. Baird boosted their price objective on shares of Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.77.
Insider Activity
In related news, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,788,486.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the sale, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 16,083 shares of the company’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 transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 832,682 shares of company stock valued at $26,077,123. 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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