Zimmermann Investment Management & Planning LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,962 shares of the information services provider’s stock after purchasing an additional 518 shares during the quarter. Alphabet comprises about 1.7% of Zimmermann Investment Management & Planning LLC’s holdings, making the stock its 23rd biggest holding. Zimmermann Investment Management & Planning LLC’s holdings in Alphabet were worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Alphabet by 1,919.4% in the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after buying an additional 453,413,389 shares during the period. State Street Corp grew 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 last quarter. Moneta Group Investment Advisors LLC grew its position in Alphabet by 111,197.8% during 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 during the last quarter. Geode Capital Management LLC grew its position in Alphabet by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 118,576,618 shares of the information services provider’s stock valued at $12,271,705,000 after purchasing an additional 1,499,107 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Alphabet by 1,759.2% during the 3rd 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 during the last quarter. 35.08% of the stock is currently owned by institutional investors.
Alphabet Stock Down 0.1 %
NASDAQ GOOGL opened at $130.25 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $130.97 and a two-hundred day moving average of $119.13. The firm has a market capitalization of $1.64 trillion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.50 and a beta of 1.06. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $139.16.
Analyst Ratings Changes
Several equities analysts have recently weighed in on GOOGL shares. Loop Capital increased their price objective on shares of Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. 51job reiterated a “downgrade” rating on shares of Alphabet in a research note on Tuesday, June 27th. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. StockNews.com started coverage on shares of Alphabet in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Finally, Jefferies Financial Group raised their target price on shares of Alphabet from $150.00 to $165.00 in a research note on Wednesday, July 26th. Four equities research 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 data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $143.89.
Get Our Latest Report on Alphabet
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 transaction of $1,934,945.73. Following the completion of the sale, the senior vice president now directly 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 can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 31,240 shares of Alphabet stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $116.82, for a total value of $3,649,456.80. Following the completion of the sale, the director now owns 5,364 shares of the company’s stock, valued at $626,622.48. The disclosure for this sale can be found here. Insiders sold 95,712 shares of company stock valued at $12,175,801 over the last three months. 0.88% of the stock is owned by company insiders.
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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