GW Henssler & Associates Ltd. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 95.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,781 shares of the information services provider’s stock after purchasing an additional 3,317 shares during the period. GW Henssler & Associates Ltd.’s holdings in Alphabet were worth $705,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corrado Advisors LLC acquired a new stake in Alphabet during the 4th quarter valued at $27,000. My Personal CFO LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $34,000. Milestone Wealth LLC increased its stake in shares of Alphabet by 1,900.0% in the 3rd 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 period. Lowe Wealth Advisors LLC increased its stake in shares of Alphabet by 187.5% in the 4th 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 period. Finally, Avondale Wealth Management acquired a new stake in shares of Alphabet in the 4th quarter valued at $44,000. 27.17% of the stock is owned by institutional investors and hedge funds.
Alphabet Price Performance
Shares of NASDAQ GOOG opened at $125.70 on Friday. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $129.55. The company has a market cap of $1.60 trillion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. The business’s 50 day moving average price is $121.68 and its two-hundred day moving average price is $106.79. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05.
Insider Activity at Alphabet
In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the completion of the sale, the insider now directly owns 11,421,476 shares in the company, valued at $161,385,455.88. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total value of $1,423,908.36. Following the completion of the sale, the insider now directly owns 11,421,476 shares in the company, valued at $161,385,455.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was bought at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the completion of the purchase, the insider now owns 2,243,665 shares of the company’s stock, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 864,122 shares of company stock worth $29,751,580. Company insiders own 12.99% of the company’s stock.
Analyst Ratings Changes
GOOG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Robert W. Baird lifted their target price on Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Oppenheimer lowered their target price on Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. Raymond James lifted their target price on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. Finally, UBS Group raised their price target on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.14.
Alphabet 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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