DDD Partners LLC Acquires 2,501 Shares of Alphabet Inc. $GOOG

DDD Partners LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,028 shares of the information services provider’s stock after purchasing an additional 2,501 shares during the period. Alphabet comprises approximately 2.1% of DDD Partners LLC’s investment portfolio, making the stock its 21st largest holding. DDD Partners LLC’s holdings in Alphabet were worth $19,163,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Alphabet by 1.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 12,919,915 shares of the information services provider’s stock worth $2,291,864,000 after purchasing an additional 122,688 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of Alphabet by 2.9% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 29,799 shares of the information services provider’s stock worth $5,286,000 after purchasing an additional 843 shares during the period. Jackson Hole Capital Partners LLC raised its stake in shares of Alphabet by 1.4% during the 2nd quarter. Jackson Hole Capital Partners LLC now owns 93,944 shares of the information services provider’s stock worth $16,665,000 after purchasing an additional 1,298 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Alphabet by 555.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,662 shares of the information services provider’s stock worth $472,000 after purchasing an additional 2,256 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of Alphabet by 0.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 2,225,646 shares of the information services provider’s stock worth $394,807,000 after purchasing an additional 15,738 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Up 2.7%

GOOG stock opened at $260.51 on Monday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $3.15 trillion, a PE ratio of 27.74, a PEG ratio of 1.76 and a beta of 1.00. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $262.51. The stock has a 50-day simple moving average of $237.33 and a two-hundred day simple moving average of $196.91.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GOOG shares. Morgan Stanley lifted their target price on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Robert W. Baird lifted their price objective on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Friday. Raymond James Financial set a $275.00 price objective on Alphabet and gave the stock an “outperform” rating in a report on Friday. Finally, Piper Sandler reissued a “neutral” rating on shares of Alphabet in a report on Wednesday, July 9th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $249.68.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the completion of the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at $598,149,304. The trade was a 1.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock valued at $55,805,379 in the last quarter. 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.