Hoxton Planning & Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 17.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,403 shares of the information services provider’s stock after acquiring an additional 1,271 shares during the period. Hoxton Planning & Management LLC’s holdings in Alphabet were worth $1,006,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Modera Wealth Management LLC increased its position in shares of Alphabet by 11.4% during the first quarter. Modera Wealth Management LLC now owns 43,230 shares of the information services provider’s stock valued at $4,484,000 after acquiring an additional 4,420 shares in the last quarter. Atria Investments Inc increased its position in shares of Alphabet by 7.4% during the first quarter. Atria Investments Inc now owns 316,800 shares of the information services provider’s stock valued at $32,918,000 after acquiring an additional 21,907 shares in the last quarter. Cadent Capital Advisors LLC increased its position in shares of Alphabet by 3.4% during the second quarter. Cadent Capital Advisors LLC now owns 4,158 shares of the information services provider’s stock valued at $498,000 after acquiring an additional 136 shares in the last quarter. Hallmark Capital Management Inc. increased its position in shares of Alphabet by 8.9% during the first quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock valued at $17,338,000 after acquiring an additional 13,605 shares in the last quarter. Finally, Marcum Wealth LLC increased its position in shares of Alphabet by 4.8% during the first quarter. Marcum Wealth LLC now owns 20,372 shares of the information services provider’s stock valued at $2,113,000 after acquiring an additional 927 shares in the last quarter. Institutional investors own 35.08% of the company’s stock.
Alphabet Trading Up 1.9 %
Shares of Alphabet stock opened at $137.58 on Friday. The company has a market capitalization of $1.73 trillion, a P/E ratio of 29.15, a P/E/G ratio of 1.56 and a beta of 1.06. 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 $132.63 and a 200 day moving average of $121.54. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $139.16.
Insider Buying and Selling at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the completion of the transaction, the senior vice president now owns 75,621 shares of the company’s stock, valued at approximately $10,119,602.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Prabhakar Raghavan sold 16,083 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $133.82, for a total value of $2,152,227.06. Following the completion of the transaction, the senior vice president now owns 75,621 shares of the company’s stock, valued at approximately $10,119,602.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 31,240 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $116.82, for a total transaction of $3,649,456.80. Following the completion of the transaction, the director now directly owns 5,364 shares of the company’s stock, valued at approximately $626,622.48. The disclosure for this sale can be found here. Insiders sold 132,331 shares of company stock valued at $17,176,933 in the last 90 days. Insiders own 0.88% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on GOOGL. Royal Bank of Canada raised their price target on shares of Alphabet from $145.00 to $155.00 in a research report on Wednesday, July 26th. Piper Sandler cut their target price on shares of Alphabet from $148.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of Alphabet in a research note on Wednesday, September 13th. Loop Capital boosted their target price on shares of Alphabet from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, Rosenblatt Securities boosted their target price on shares of Alphabet from $132.00 to $163.00 and gave the company a “buy” rating 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.86.
Get Our Latest Stock Analysis on Alphabet
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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