Oxbow Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,498 shares of the information services provider’s stock after buying an additional 209 shares during the quarter. Oxbow Advisors LLC’s holdings in Alphabet were worth $778,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of GOOGL. VitalStone Financial LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $25,000. Live Oak Investment Partners purchased a new stake in shares of Alphabet during the fourth quarter worth about $26,000. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth about $33,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet during the fourth quarter worth about $34,000. Finally, Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet during the third quarter worth about $38,000. 35.38% of the stock is owned by institutional investors.
Alphabet Trading Down 0.7 %
NASDAQ:GOOGL opened at $123.76 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $129.04. The company has a market cap of $1.57 trillion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 1.60 and a beta of 1.06. The company has a 50 day simple moving average of $121.69 and a two-hundred day simple moving average of $106.82.
Insider Transactions at Alphabet
In other news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at approximately $2,788,486.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Amie Thuener O’toole sold 637 shares of Alphabet stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total transaction of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares in the company, valued at approximately $2,788,486.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $125.65, for a total transaction of $25,130.00. Following the transaction, the director now owns 5,740 shares in the company, valued at approximately $721,231. The disclosure for this sale can be found here. Insiders have sold 841,688 shares of company stock worth $29,376,932 in the last 90 days. 0.88% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have commented on GOOGL shares. Loop Capital lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a report on Monday, May 15th. Truist Financial raised their price objective on shares of Alphabet from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Robert W. Baird raised their price objective on shares of Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. 51job restated a “downgrade” rating on shares of Alphabet in a report on Tuesday, June 27th. Finally, Morgan Stanley raised their price objective on shares of Alphabet from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Seven equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $131.53.
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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