Kercheville Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,737 shares of the information services provider’s stock after acquiring an additional 130 shares during the quarter. Alphabet makes up 2.8% of Kercheville Advisors LLC’s investment portfolio, making the stock its 12th largest position. Kercheville Advisors LLC’s holdings in Alphabet were worth $4,637,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of GOOGL. Vanguard Group Inc. boosted its stake in shares of Alphabet by 1,919.4% during the 3rd quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after purchasing an additional 453,413,389 shares in the last quarter. State Street Corp boosted its stake in shares of 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 in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 in the last quarter. Finally, Norges Bank bought a new stake in shares of Alphabet during the 4th quarter valued at about $8,335,063,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.
Alphabet Stock Up 1.9 %
Shares of GOOGL stock opened at $137.58 on Friday. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $139.16. The stock has a market cap of $1.73 trillion, a P/E ratio of 29.15, a P/E/G ratio of 1.55 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.14 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $132.63 and a two-hundred day simple moving average of $121.66.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on GOOGL. Robert W. Baird lifted their target price on shares of Alphabet from $123.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. StockNews.com assumed coverage on shares of Alphabet in a research note on Thursday. They set a “buy” rating on the stock. Bank of America boosted their price objective on shares of Alphabet from $142.00 to $146.00 and gave the stock a “buy” rating in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and set a $138.00 price objective on shares of Alphabet in a research note on Wednesday, August 30th. Finally, Tigress Financial boosted their price objective on shares of Alphabet from $160.00 to $172.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $143.86.
Read Our Latest Research Report on Alphabet
Insider Buying and Selling at Alphabet
In other Alphabet news, Director Kavitark Ram Shriram sold 31,240 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,364 shares of the company’s stock, valued at $626,622.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, Director Kavitark Ram Shriram sold 31,240 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,364 shares of the company’s stock, valued at $626,622.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the sale, the director now directly owns 7,584 shares of the company’s stock, valued at $1,041,283.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,331 shares of company stock valued at $17,176,933. Insiders own 0.88% of the company’s stock.
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.
See Also
- Five stocks we like better than Alphabet
- 3 Fintech Stocks With Good 2021 Prospects
- How To Find Value Stocks Using This Simple Filtering Method
- Are Penny Stocks a Good Fit for Your Portfolio?
- MarketBeat Week in Review – 10/2 – 10/6
- What is an Earnings Surprise?
- Levi Strauss: A Bottom is in for Steady, Stable Dividend Payer
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
