Tiedemann Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,857 shares of the information services provider’s stock after selling 600 shares during the period. Tiedemann Advisors LLC’s holdings in Alphabet were worth $8,929,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Financial & Tax Architects LLC grew its holdings in shares of Alphabet by 6.8% during the 1st quarter. Financial & Tax Architects LLC now owns 5,297 shares of the information services provider’s stock worth $551,000 after acquiring an additional 339 shares during the period. CVA Family Office LLC grew its stake in shares of Alphabet by 12.6% in the 1st quarter. CVA Family Office LLC now owns 3,580 shares of the information services provider’s stock worth $372,000 after buying an additional 400 shares during the last quarter. Waverton Investment Management Ltd grew its stake in shares of Alphabet by 3.3% in the 1st quarter. Waverton Investment Management Ltd now owns 38,837 shares of the information services provider’s stock worth $4,039,000 after buying an additional 1,257 shares during the last quarter. Vestor Capital LLC grew its stake in shares of Alphabet by 28.6% in the 1st quarter. Vestor Capital LLC now owns 101,518 shares of the information services provider’s stock worth $18,507,000 after buying an additional 22,583 shares during the last quarter. Finally, Employees Retirement System of Texas grew its stake in shares of Alphabet by 6.1% in the 1st quarter. Employees Retirement System of Texas now owns 1,502,127 shares of the information services provider’s stock worth $156,221,000 after buying an additional 86,127 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.
Alphabet Trading Up 0.7 %
Shares of Alphabet stock opened at $125.70 on Monday. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 28.00, a PEG ratio of 1.60 and a beta of 1.06. The business has a 50-day moving average price of $121.68 and a 200-day moving average price of $106.94. 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 twelve month low of $83.45 and a twelve month high of $129.55.
Wall Street Analyst Weigh In
Several research firms recently weighed in on GOOG. Oppenheimer cut their price target on Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. Deutsche Bank Aktiengesellschaft increased their target price on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Raymond James increased their target price on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. UBS Group increased their target price on Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Finally, Robert W. Baird increased their price target on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.14.
Insider Activity
In related news, CAO Amie Thuener O’toole sold 637 shares of Alphabet 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 completion of the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at $2,788,486.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was bought at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the completion of the transaction, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 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 approximately $2,788,486.87. The disclosure for this sale can be found here. Insiders sold a total of 864,122 shares of company stock worth $29,751,580 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.
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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