Keeler THomas Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 36.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 27,444 shares of the information services provider’s stock after selling 15,821 shares during the period. Alphabet accounts for approximately 1.3% of Keeler THomas Management LLC’s holdings, making the stock its 24th largest position. Keeler THomas Management LLC’s holdings in Alphabet were worth $2,847,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of GOOGL. Bornite Capital Management LP bought a new position in shares of Alphabet during the first quarter valued at $16,688,000. Markel Corp grew its stake in shares of Alphabet by 17.0% in the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after acquiring an additional 2,250 shares in the last quarter. United Bank boosted its holdings in shares of Alphabet by 5.9% in the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after buying an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Alphabet by 23.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the period. Finally, Dakota Wealth Management increased its holdings in shares of Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the period. 35.38% of the stock is owned by institutional investors.
Alphabet Trading Up 0.1 %
Shares of NASDAQ:GOOGL opened at $132.72 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $122.81 and a 200-day moving average of $109.15. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $133.74. The stock has a market cap of $1.69 trillion, a PE ratio of 28.12, a P/E/G ratio of 1.59 and a beta of 1.06.
Analyst Ratings Changes
A number of research analysts have recently issued reports on GOOGL shares. Raymond James raised their price objective on Alphabet from $119.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Sanford C. Bernstein boosted their target price on Alphabet from $130.00 to $135.00 in a research note on Wednesday, July 26th. TD Cowen lifted their price objective on Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Wolfe Research upped their target price on shares of Alphabet from $130.00 to $140.00 in a research report on Monday, July 10th. Finally, JMP Securities lifted their price target on Alphabet from $132.00 to $138.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $142.19.
Insider Activity
In other Alphabet news, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the transaction, the director now owns 107,240 shares of the company’s stock, valued at approximately $11,264,489.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of Alphabet stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average cost of $28.34 per share, with a total value of $8,783,444.54. Following 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,500 shares of Alphabet stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $105.04, for a total transaction of $3,939,000.00. Following the completion of the sale, the director now owns 107,240 shares of the company’s stock, valued at $11,264,489.60. The disclosure for this sale can be found here. Insiders sold a total of 841,501 shares of company stock worth $29,365,352 in the last three months. Company insiders own 0.88% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Alphabet
- The How and Why of Investing in Large-Cap Stocks
- Can the Amazon Partnership Put DISH Network Back on Track?
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Snap Stock: Two Steps Forward and One Step Back In?
- Investing in Construction Stocks
- ONSemi Is On Target For New Highs In 2023
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
