Copperwynd Financial LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,495 shares of the information services provider’s stock after purchasing an additional 182 shares during the period. Copperwynd Financial LLC’s holdings in Alphabet were worth $777,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in GOOGL. Live Oak Investment Partners bought a new stake in Alphabet during the 4th quarter valued at $26,000. Armor Investment Advisors LLC bought a new position in Alphabet during the 2nd quarter valued at approximately $28,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in Alphabet by 136.7% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock worth $34,000 after buying an additional 164 shares during the period. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Alphabet during the 4th quarter valued at about $34,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in Alphabet during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.
Alphabet Trading Down 1.2 %
Shares of Alphabet stock opened at $135.31 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.04 and a quick ratio of 2.01. The stock has a market capitalization of $1.69 trillion, a PE ratio of 25.97, a P/E/G ratio of 1.51 and a beta of 1.05. Alphabet Inc. has a 1-year low of $84.86 and a 1-year high of $141.22. The company’s fifty day simple moving average is $133.44 and its 200-day simple moving average is $127.65.
Insider Buying and Selling
In other news, Director John L. Hennessy sold 200 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the sale, the director now directly owns 7,184 shares of the company’s stock, valued at $954,897.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the transaction, the director now owns 7,184 shares of the company’s stock, valued at approximately $954,897.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 220 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $130.14, for a total value of $28,630.80. Following the completion of the sale, the director now owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,576 shares of company stock valued at $23,425,367. 0.88% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
GOOGL has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research note on Wednesday, October 25th. Jefferies Financial Group increased their price target on shares of Alphabet from $150.00 to $165.00 in a research note on Wednesday, July 26th. Wells Fargo & Company upped their price objective on shares of Alphabet from $126.00 to $129.00 and gave the stock an “equal weight” rating in a report on Thursday. Piper Sandler upped their price target on Alphabet from $147.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $147.00.
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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