Hills Bank & Trust Co reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 16.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,677 shares of the information services provider’s stock after selling 546 shares during the quarter. Hills Bank & Trust Co’s holdings in Alphabet were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of GOOGL. Live Oak Investment Partners purchased a new position in shares of Alphabet in the fourth quarter worth $26,000. Armor Investment Advisors LLC purchased a new position in shares of Alphabet in the second quarter worth $28,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Alphabet in the fourth quarter worth $34,000. Turim 21 Investimentos Ltda. purchased a new position in shares of Alphabet in the third quarter worth $38,000. Finally, IAG Wealth Partners LLC raised its stake in Alphabet by 100.0% during the first 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 in the last quarter. 35.08% of the stock is currently owned by institutional investors.
Alphabet Stock Up 1.8 %
Shares of Alphabet stock opened at $140.55 on Thursday. The firm’s 50 day moving average price is $133.12 and its 200-day moving average price is $122.37. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $141.11. The company has a market cap of $1.77 trillion, a P/E ratio of 29.78, a PEG ratio of 1.59 and a beta of 1.06.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $139.93, for a total value of $27,986.00. Following the completion of the sale, the director now directly owns 7,384 shares in the company, valued at approximately $1,033,243.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, insider John Kent Walker sold 42,900 shares of Alphabet stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.51, for a total transaction of $5,856,279.00. Following the completion of the sale, the insider now directly owns 10,383 shares in the company, valued at approximately $1,417,383.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $139.93, for a total transaction of $27,986.00. Following the sale, the director now owns 7,384 shares of the company’s stock, valued at $1,033,243.12. The disclosure for this sale can be found here. Insiders sold 101,091 shares of company stock worth $13,530,462 in the last three months. Corporate insiders own 0.88% of the company’s stock.
Analyst Ratings Changes
GOOGL has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market outperform” rating and set a $138.00 price target on shares of Alphabet in a research note on Wednesday, August 30th. 888 reaffirmed a “downgrade” rating on shares of Alphabet in a research note on Monday, June 26th. Credit Suisse Group increased their target price on shares of Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, July 17th. Piper Sandler reduced their target price on shares of Alphabet from $148.00 to $147.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 3rd. Finally, Jefferies Financial Group increased their target price on shares of Alphabet from $150.00 to $165.00 in a research note on Wednesday, July 26th. Four 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.00.
Get Our Latest Report on GOOGL
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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