Cutler Investment Counsel LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,580 shares of the information services provider’s stock after buying an additional 220 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Alphabet were worth $371,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Live Oak Investment Partners bought a new stake in shares of Alphabet in the 4th quarter valued at about $26,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $34,000. Turim 21 Investimentos Ltda. purchased a new position in shares of Alphabet in the 3rd quarter worth approximately $38,000. IAG Wealth Partners LLC grew its position in shares of Alphabet by 100.0% in the 1st quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after buying an additional 200 shares during the last quarter. Finally, AM Squared Ltd purchased a new position in shares of Alphabet in the 4th quarter worth approximately $44,000. Institutional investors own 35.08% of the company’s stock.
Alphabet Stock Performance
NASDAQ:GOOGL opened at $136.17 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. The company has a fifty day moving average of $126.03 and a two-hundred day moving average of $114.21. The stock has a market capitalization of $1.72 trillion, a PE ratio of 28.85, a P/E/G ratio of 1.51 and a beta of 1.06. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $138.00.
Insider Transactions at Alphabet
In other news, Director Ann Mather sold 220 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the sale, the director now owns 4,818 shares of the company’s stock, valued at $627,014.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, 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 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 $15,282,738.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 220 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the sale, the director now directly owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The disclosure for this sale can be found here. Insiders sold 153,813 shares of company stock valued at $7,380,379 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on GOOGL. KeyCorp lifted their price objective on shares of Alphabet from $140.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 26th. Loop Capital boosted their target price on shares of Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $121.00 to $150.00 in a research report on Wednesday, July 26th. Mizuho boosted their target price on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Finally, JMP Securities reissued a “market outperform” rating and set a $138.00 target price on shares of Alphabet in a research report on Wednesday. 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.89.
Check Out Our Latest Analysis on Alphabet
Alphabet Company 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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