25 LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,040 shares of the information services provider’s stock, valued at approximately $112,000.
Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Spreng Capital Management Inc. lifted its position in Alphabet by 4.0% during the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the period. West Family Investments Inc. lifted its position in Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the period. Maple Capital Management Inc. lifted its position in Alphabet by 2.1% during the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the period. Private Advisory Group LLC lifted its position in Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after purchasing an additional 7 shares during the period. Finally, Weik Capital Management lifted its position in Alphabet by 0.5% during the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the period. Institutional investors own 35.38% of the company’s stock.
Alphabet Trading Down 2.0 %
Shares of GOOGL opened at $129.78 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $134.25. The firm has a market capitalization of $1.64 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.49 and a beta of 1.06. The firm has a 50-day moving average price of $124.96 and a 200 day moving average price of $113.04. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05.
Analysts Set New Price Targets
A number of research firms recently issued reports on GOOGL. Wedbush started coverage on shares of Alphabet in a research report on Monday. They set an “outperform” rating and a $160.00 target price for the company. Truist Financial upped their price objective on shares of Alphabet from $122.00 to $160.00 in a research report on Wednesday, July 26th. Mizuho upped their price objective on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Robert W. Baird upped their price objective on shares of Alphabet from $123.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. Finally, Jefferies Financial Group upped their price objective on shares of Alphabet from $150.00 to $165.00 in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $143.08.
View Our Latest Stock Analysis on GOOGL
Insider Activity at Alphabet
In related news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred 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 directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred 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 directly owns 127,028 shares in the company, valued at $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $131.14, for a total transaction of $26,228.00. Following the transaction, the director now directly owns 5,340 shares of the company’s stock, valued at approximately $700,287.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 180,006 shares of company stock worth $8,804,132. 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.
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