Broadleaf Partners LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 24.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,920 shares of the information services provider’s stock after buying an additional 773 shares during the quarter. Broadleaf Partners LLC’s holdings in Alphabet were worth $407,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners purchased a new stake in Alphabet in the 4th quarter worth approximately $26,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet in the fourth quarter worth about $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet during the third quarter worth about $38,000. IAG Wealth Partners LLC raised its stake in Alphabet by 100.0% during the 1st 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 period. Finally, AM Squared Ltd purchased a new position in Alphabet in the 4th quarter worth approximately $44,000. 35.08% of the stock is currently owned by institutional investors.
Alphabet Stock Performance
GOOGL stock opened at $135.66 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. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $138.00. The business has a 50-day moving average price of $126.30 and a 200 day moving average price of $114.63. The company has a market capitalization of $1.71 trillion, a P/E ratio of 28.74, a PEG ratio of 1.51 and a beta of 1.06.
Insider Activity
In other news, major shareholder 2019 Gp L.L.C. Gv sold 15,672 shares of Alphabet stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $14.48, for a total value of $226,930.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 15,672 shares of the firm’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. In the last three months, insiders have sold 154,043 shares of company stock worth $7,411,558. 0.88% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Alphabet from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, July 21st. Rosenblatt Securities lifted their price target on shares of Alphabet from $132.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Royal Bank of Canada increased their price objective on shares of Alphabet from $145.00 to $155.00 in a report on Wednesday, July 26th. Wedbush initiated coverage on Alphabet in a research report on Monday, August 21st. They issued an “outperform” rating and a $160.00 target price on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. Four equities research 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.89.
Read Our Latest 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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