Jeppson Wealth Management LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,110 shares of the information services provider’s stock after selling 448 shares during the quarter. Alphabet comprises 1.1% of Jeppson Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Jeppson Wealth Management LLC’s holdings in Alphabet were worth $2,507,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DC Investments Management LLC bought a new position in Alphabet in the 1st quarter worth approximately $115,000. Guardian Wealth Management Inc. bought a new position in Alphabet during the 1st quarter valued at $184,000. Turim 21 Investimentos Ltda. boosted its stake in Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after purchasing an additional 8 shares in the last quarter. qPULA Trading Management LP bought a new position in Alphabet during the 1st quarter valued at $279,000. Finally, Wayfinding Financial LLC bought a new position in Alphabet during the 4th quarter valued at $294,000. 27.17% of the stock is owned by institutional investors.
Alphabet Price Performance
GOOG opened at $122.78 on Thursday. The stock has a market cap of $1.56 trillion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.60 and a beta of 1.06. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $129.55. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $122.55 and a 200 day moving average price of $107.55.
Wall Street Analyst Weigh In
GOOG has been the subject of a number of research reports. Raymond James increased their price target on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. UBS Group increased their price target on Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, April 6th. Oppenheimer decreased their target price on Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. Deutsche Bank Aktiengesellschaft lifted their target price on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Finally, Robert W. Baird lifted their target price on Alphabet from $120.00 to $123.00 in a report on Wednesday, April 26th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.70.
Insider Activity at Alphabet
In related news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of Alphabet stock in a transaction 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 transaction, the insider now directly owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of Alphabet stock in a transaction 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 transaction, the insider now directly owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 31,240 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $116.82, for a total value of $3,649,456.80. Following the completion of the sale, the director now directly owns 5,364 shares of the company’s stock, valued at approximately $626,622.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 864,122 shares of company stock valued at $29,751,580. 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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