Autumn Glory Partners LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 55.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,927 shares of the information services provider’s stock after purchasing an additional 2,462 shares during the quarter. Autumn Glory Partners LLC’s holdings in Alphabet were worth $1,158,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Aviance Capital Partners LLC boosted its position in shares of Alphabet by 109.9% during the 1st quarter. Aviance Capital Partners LLC now owns 15,240 shares of the information services provider’s stock valued at $2,320,000 after acquiring an additional 7,979 shares in the last quarter. Diversified Trust Co boosted its holdings in Alphabet by 9.3% during the first quarter. Diversified Trust Co now owns 106,400 shares of the information services provider’s stock valued at $16,200,000 after purchasing an additional 9,081 shares in the last quarter. Echo45 Advisors LLC grew its stake in shares of Alphabet by 34.7% in the 1st quarter. Echo45 Advisors LLC now owns 2,094 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 540 shares during the period. MGO Private Wealth LLC raised its holdings in shares of Alphabet by 110.1% in the 1st quarter. MGO Private Wealth LLC now owns 3,301 shares of the information services provider’s stock worth $503,000 after buying an additional 1,730 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its position in shares of Alphabet by 6.5% during the 1st quarter. Miracle Mile Advisors LLC now owns 193,341 shares of the information services provider’s stock worth $29,438,000 after buying an additional 11,815 shares during the period. Institutional investors own 27.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. UBS Group lowered their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Oppenheimer lowered their target price on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, September 25th. TD Cowen lifted their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Finally, Pivotal Research started coverage on shares of Alphabet in a report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.90.
Alphabet Trading Up 1.7 %
GOOG opened at $171.14 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.11 trillion, a PE ratio of 26.25, a PEG ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 1-year low of $123.88 and a 1-year high of $193.31. The firm has a 50-day moving average price of $163.39 and a two-hundred day moving average price of $170.26.
Insider Buying and Selling at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,426 shares of company stock worth $35,993,340. 12.99% of the stock is currently owned by corporate insiders.
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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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