HHM Wealth Advisors LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,147 shares of the information services provider’s stock after purchasing an additional 634 shares during the period. HHM Wealth Advisors LLC’s holdings in Alphabet were worth $845,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. FourThought Financial Partners LLC bought a new position in Alphabet during the 4th quarter worth $5,415,000. Glenview Trust Co increased its stake in Alphabet by 10.7% during the 4th quarter. Glenview Trust Co now owns 458,830 shares of the information services provider’s stock worth $40,483,000 after acquiring an additional 44,278 shares during the period. Bfsg LLC increased its stake in shares of Alphabet by 160.5% in the 4th quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after purchasing an additional 4,975 shares during the last quarter. Marcum Wealth LLC increased its stake in shares of Alphabet by 4.8% in the 1st quarter. Marcum Wealth LLC now owns 20,372 shares of the information services provider’s stock valued at $2,113,000 after purchasing an additional 927 shares during the last quarter. Finally, Ibex Investors LLC bought a new position in shares of Alphabet in the 4th quarter valued at $2,617,000. 35.38% of the stock is owned by institutional investors and hedge funds.
Alphabet Stock Up 0.1 %
Shares of NASDAQ:GOOGL opened at $132.72 on Tuesday. The stock’s 50-day moving average price is $122.81 and its 200-day moving average price is $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 capitalization of $1.69 trillion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05.
Insider Activity
In other news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $130.95, for a total transaction of $30,118.50. Following the completion of the transaction, the director now directly owns 13,329 shares in the company, valued at $1,745,432.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $130.95, for a total transaction of $30,118.50. Following the completion of the sale, the director now owns 13,329 shares of the company’s stock, valued at $1,745,432.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the sale, the insider now directly owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 841,501 shares of company stock worth $29,365,352. Insiders own 0.88% of the company’s stock.
Analyst Upgrades and Downgrades
GOOGL has been the topic of several recent research reports. Tigress Financial lifted their target price on Alphabet from $160.00 to $172.00 and gave the stock a “strong-buy” rating in a report on Friday, July 14th. Oppenheimer lifted their target price on Alphabet from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Truist Financial boosted their price objective on Alphabet from $122.00 to $160.00 in a research note on Wednesday, July 26th. Credit Suisse Group boosted their price objective on Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Finally, Evercore ISI boosted their price objective on Alphabet from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Four analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.19.
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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