Keudell Morrison Wealth Management decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,883 shares of the information services provider’s stock after selling 383 shares during the period. Keudell Morrison Wealth Management’s holdings in Alphabet were worth $1,422,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Alphabet by 1,919.4% during the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock worth $45,628,484,000 after purchasing an additional 453,413,389 shares during the last quarter. State Street Corp increased its position in Alphabet by 1,900.6% during the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock worth $20,770,809,000 after purchasing an additional 206,300,042 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in Alphabet by 111,197.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock worth $15,036,178,000 after purchasing an additional 170,267,122 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Alphabet by 1,759.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock worth $11,106,502,000 after purchasing an additional 109,870,525 shares during the last quarter. Finally, Norges Bank acquired a new position in Alphabet during the fourth quarter worth approximately $8,335,063,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.
Alphabet Trading Up 1.9 %
NASDAQ GOOGL opened at $137.58 on Friday. Alphabet Inc. has a one year low of $83.34 and a one year high of $139.16. The company has a 50-day simple moving average of $132.63 and a 200-day simple moving average of $121.66. 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 firm has a market capitalization of $1.73 trillion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on GOOGL shares. Mizuho increased their price objective on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. 51job reissued a “downgrade” rating on shares of Alphabet in a research report on Tuesday, June 27th. UBS Group lowered shares of Alphabet from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $123.00 to $132.00 in a research report on Monday, June 26th. Piper Sandler dropped their price objective on shares of Alphabet from $148.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, October 3rd. Finally, Wolfe Research increased their price objective on shares of Alphabet from $130.00 to $140.00 in a research report on Monday, July 10th. Four 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’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $143.86.
Get Our Latest Research Report on GOOGL
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 420 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $132.09, for a total transaction of $55,477.80. Following the completion of the transaction, the chief accounting officer now directly owns 25,988 shares of the company’s stock, valued at approximately $3,432,754.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $137.30, for a total transaction of $27,460.00. Following the transaction, 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. Insiders sold 132,331 shares of company stock valued at $17,176,933 in the last ninety days. Company insiders own 0.88% of the company’s stock.
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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