AA Financial Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,100 shares of the information services provider’s stock after selling 181 shares during the period. AA Financial Advisors LLC’s holdings in Alphabet were worth $1,509,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Christopher J. Hasenberg Inc lifted its holdings in Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new position in shares of Alphabet in the second quarter worth about $36,000. Tributary Capital Management LLC bought a new position in shares of Alphabet in the first quarter worth about $30,000. Denver PWM LLC bought a new position in shares of Alphabet in the second quarter worth about $41,000. Finally, Quarry LP bought a new position in shares of Alphabet in the second quarter worth about $53,000. 40.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
GOOGL has been the subject of a number of research analyst reports. Guggenheim boosted their target price on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Jefferies Financial Group boosted their target price on shares of Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Alphabet in a research note on Monday, September 30th. Finally, UBS Group lifted their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.76.
Alphabet Stock Up 1.8 %
Shares of GOOGL stock opened at $169.68 on Wednesday. The firm has a fifty day moving average of $162.00 and a 200-day moving average of $168.74. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75. The company has a market capitalization of $2.10 trillion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.27 and a beta of 1.04.
Insider Transactions at Alphabet
In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on 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 owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider John Kent Walker sold 21,467 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the transaction, the insider now owns 39,334 shares in the company, valued at approximately $6,307,206.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on 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 sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock valued at $35,993,340 over the last quarter. Corporate insiders own 11.55% of the company’s stock.
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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