Leith Wheeler Investment Counsel Ltd. lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 26.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,128 shares of the information services provider’s stock after buying an additional 11,441 shares during the period. Leith Wheeler Investment Counsel Ltd.’s holdings in Alphabet were worth $5,615,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Live Oak Investment Partners acquired a new stake in Alphabet during the fourth quarter valued at $26,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Alphabet during the fourth quarter valued at $34,000. Turim 21 Investimentos Ltda. acquired a new stake in Alphabet during the third quarter valued at $38,000. IAG Wealth Partners LLC boosted its position in Alphabet by 100.0% during the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Finally, AM Squared Ltd acquired a new stake in Alphabet during the fourth quarter valued at $44,000. Institutional investors and hedge funds own 35.38% of the company’s stock.
Alphabet Stock Up 0.1 %
Shares of NASDAQ:GOOGL opened at $129.88 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The stock has a market cap of $1.64 trillion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 1.49 and a beta of 1.06. The company has a 50 day moving average of $125.09 and a 200-day moving average of $113.27. Alphabet Inc. has a one year low of $83.34 and a one year high of $134.25.
Insider Transactions at Alphabet
In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $131.14, for a total value of $26,228.00. Following the completion of the sale, the director now owns 5,340 shares in the company, valued at $700,287.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder 2019 Gp L.L.C. Gv sold 16,633 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $13.65, for a total transaction of $227,040.45. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $131.14, for a total value of $26,228.00. Following the sale, the director now directly owns 5,340 shares in the company, valued at approximately $700,287.60. The disclosure for this sale can be found here. Insiders have sold 180,006 shares of company stock worth $8,804,132 in the last three months. Insiders own 0.88% of the company’s stock.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of analyst reports. UBS Group cut Alphabet from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $123.00 to $132.00 in a research report on Monday, June 26th. Bank of America boosted their price target on Alphabet from $142.00 to $146.00 in a research report on Wednesday, July 26th. Barclays boosted their price target on Alphabet from $160.00 to $200.00 in a research report on Wednesday, July 26th. Jefferies Financial Group boosted their price target on Alphabet from $150.00 to $165.00 in a research report on Wednesday, July 26th. Finally, Sanford C. Bernstein boosted their price target on Alphabet from $130.00 to $135.00 in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.08.
View Our Latest Stock Report on GOOGL
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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