KLK Capital Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,257 shares of the information services provider’s stock after purchasing an additional 402 shares during the quarter. Alphabet makes up about 2.8% of KLK Capital Management LLC’s portfolio, making the stock its 12th biggest position. KLK Capital Management LLC’s holdings in Alphabet were worth $2,205,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of GOOGL. Vanguard Group Inc. raised its holdings in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after acquiring an additional 453,413,389 shares in the last quarter. State Street Corp increased its position in Alphabet by 1,900.6% during 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 purchasing an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in shares of Alphabet by 111,197.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after purchasing an additional 170,267,122 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 117,077,511 shares of the information services provider’s stock worth $10,310,795,000 after purchasing an additional 1,923,667 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Alphabet by 1,759.2% during 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. 35.08% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet Stock Up 2.7 %
Shares of GOOGL stock opened at $134.57 on Wednesday. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $136.57. The stock has a market cap of $1.70 trillion, a P/E ratio of 28.51, a P/E/G ratio of 1.50 and a beta of 1.06. The stock has a 50 day moving average of $125.47 and a 200 day moving average of $113.90. 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 Buying and Selling at Alphabet
In related news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value 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 SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 15,672 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $14.48, for a total transaction of $226,930.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,353 shares of company stock valued at $8,576,028. Corporate insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
GOOGL has been the topic of several recent research reports. Wells Fargo & Company increased their target price on Alphabet from $116.00 to $121.00 in a research report on Wednesday, July 26th. Loop Capital lifted their target price on Alphabet from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Royal Bank of Canada boosted their target price on shares of Alphabet from $145.00 to $155.00 in a report on Wednesday, July 26th. 888 restated a “downgrade” rating on shares of Alphabet in a report on Monday, June 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of Alphabet from $132.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.08.
Get Our Latest Stock Report on Alphabet
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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