Goldstein Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,405 shares of the information services provider’s stock after selling 411 shares during the quarter. Goldstein Advisors LLC’s holdings in Alphabet were worth $1,245,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Live Oak Investment Partners bought a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. Armor Investment Advisors LLC acquired a new position in shares of Alphabet during the second quarter worth approximately $28,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet during the fourth quarter worth approximately $34,000. Turim 21 Investimentos Ltda. acquired a new position in shares of Alphabet during the third quarter worth approximately $38,000. Finally, IAG Wealth Partners LLC boosted its position in shares of Alphabet by 100.0% during the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after buying an additional 200 shares during the period. 35.08% of the stock is owned by institutional investors.
Alphabet Trading Up 1.8 %
Alphabet stock opened at $140.55 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The company has a market capitalization of $1.77 trillion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.59 and a beta of 1.06. Alphabet Inc. has a one year low of $83.34 and a one year high of $141.11. The company’s fifty day moving average price is $133.12 and its two-hundred day moving average price is $122.37.
Insiders Place Their Bets
In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction 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 transaction, the director now directly owns 7,384 shares of the company’s stock, valued at $1,033,243.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Alphabet news, Director Ann Mather sold 220 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $121.75, for a total transaction of $26,785.00. Following the completion of the sale, the director now directly owns 4,759 shares in the company, valued at $579,408.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated 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 have sold 101,091 shares of company stock valued at $13,530,462 over the last three months. 0.88% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on GOOGL shares. Mizuho boosted their price objective on Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Wolfe Research upped their target price on Alphabet from $130.00 to $140.00 in a research report on Monday, July 10th. Sanford C. Bernstein upped their target price on Alphabet from $130.00 to $135.00 in a research report on Wednesday, July 26th. Piper Sandler cut their target price on Alphabet from $148.00 to $147.00 and set an “overweight” rating for the company in a research report on Tuesday, October 3rd. Finally, Stifel Nicolaus upped their target price on Alphabet from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. 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’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $144.00.
Check Out Our Latest Stock Analysis on Alphabet
Alphabet Company 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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