Lindenwold Advisors INC grew its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,765 shares of the information services provider’s stock after purchasing an additional 1,639 shares during the quarter. Alphabet makes up approximately 2.2% of Lindenwold Advisors INC’s holdings, making the stock its 7th biggest holding. Lindenwold Advisors INC’s holdings in Alphabet were worth $3,606,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares during the last quarter. State Street Corp raised its position in shares of Alphabet by 1,900.6% in the 3rd quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after acquiring an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Alphabet by 111,197.8% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after acquiring an additional 170,267,122 shares during the last quarter. Geode Capital Management LLC grew its holdings in Alphabet by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 117,077,511 shares of the information services provider’s stock valued at $10,310,795,000 after purchasing an additional 1,923,667 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after purchasing an additional 109,870,525 shares in the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.
Alphabet Price Performance
Shares of NASDAQ GOOGL opened at $129.56 on Monday. 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’s 50 day moving average price is $123.95 and its two-hundred day moving average price is $111.38. The company has a market cap of $1.63 trillion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.50 and a beta of 1.06. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $133.74.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Stifel Nicolaus lifted their target price on Alphabet from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, July 21st. 51job restated a “downgrade” rating on shares of Alphabet in a report on Tuesday, June 27th. Loop Capital lowered Alphabet from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Monday, May 15th. Finally, JPMorgan Chase & Co. raised their target price on shares of Alphabet from $121.00 to $150.00 in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.19.
Check Out Our Latest Stock Report on Alphabet
Insider Buying and Selling at Alphabet
In related news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the sale, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Kavitark Ram Shriram sold 75,000 shares of Alphabet stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $120.01, for a total transaction of $9,000,750.00. Following the completion of the sale, the director now owns 32,240 shares of the company’s stock, valued at $3,869,122.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the transaction, the senior vice president now owns 127,028 shares in the company, valued at $15,282,738.68. The disclosure for this sale can be found here. Insiders have sold a total of 430,790 shares of company stock worth $20,443,054 over the last ninety days. Insiders own 0.88% 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.
Recommended Stories
- Five stocks we like better than Alphabet
- Roth IRA Calculator: Calculate Your Potential Returns
- MarketBeat Week in Review – 8/7 – 8/11
- Trading Halts Explained
- 3 Retailers To Watch Closely Next Week
- Understanding and Trading Breakout Stocks
- Investing in Coffee: 3 Great Strategies to Consider
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.
