Laurel Wealth Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,983 shares of the information services provider’s stock after acquiring an additional 1,304 shares during the quarter. Alphabet accounts for about 2.0% of Laurel Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Laurel Wealth Advisors LLC’s holdings in Alphabet were worth $9,541,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GOOGL. Modera Wealth Management LLC lifted its holdings in shares of Alphabet by 11.4% during the 1st quarter. Modera Wealth Management LLC now owns 43,230 shares of the information services provider’s stock valued at $4,484,000 after buying an additional 4,420 shares during the last quarter. FourThought Financial Partners LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at about $5,415,000. Glenview Trust Co lifted its holdings in shares of Alphabet by 10.7% during the 4th quarter. Glenview Trust Co now owns 458,830 shares of the information services provider’s stock valued at $40,483,000 after buying an additional 44,278 shares during the last quarter. Hallmark Capital Management Inc. lifted its holdings in shares of Alphabet by 8.9% during the 1st quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock valued at $17,338,000 after buying an additional 13,605 shares during the last quarter. Finally, Bfsg LLC lifted its holdings in shares of Alphabet by 160.5% during the 4th quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after buying an additional 4,975 shares during the last quarter. 35.38% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Performance
Shares of NASDAQ:GOOGL opened at $128.70 on Thursday. The business’s fifty day moving average price is $124.23 and its two-hundred day moving average price is $111.95. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $133.74. The stock has a market capitalization of $1.62 trillion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on GOOGL shares. Credit Suisse Group lifted their price target on Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, July 17th. Jefferies Financial Group lifted their price target on Alphabet from $150.00 to $165.00 in a report on Wednesday, July 26th. JPMorgan Chase & Co. boosted their target price on Alphabet from $121.00 to $150.00 in a report on Wednesday, July 26th. Roth Mkm boosted their target price on Alphabet from $126.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Finally, Wells Fargo & Company boosted their target price on Alphabet from $116.00 to $121.00 in a report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.19.
Read Our Latest Analysis on Alphabet
Insider Buying and Selling at Alphabet
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 63,212 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $13.88, for a total value of $877,382.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 63,212 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $13.88, for a total value of $877,382.56. The disclosure for this sale can be found here. Insiders have sold 340,790 shares of company stock worth $11,250,754 over 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.
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