Creekside Partners Has $997,000 Stake in Alphabet Inc. $GOOGL

Creekside Partners boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,657 shares of the information services provider’s stock after purchasing an additional 74 shares during the period. Creekside Partners’ holdings in Alphabet were worth $997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Wealth Management Inc. increased its stake in shares of Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock valued at $26,000 after buying an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at $28,000. IMA Advisory Services Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at $28,000. NBZ Investment Advisors LLC increased its stake in shares of Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at $39,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 2.7%

NASDAQ:GOOGL opened at $259.92 on Monday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $261.68. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.14 trillion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.75 and a beta of 1.00. The stock has a 50-day moving average price of $236.72 and a two-hundred day moving average price of $195.85.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GOOGL shares. New Street Research increased their price target on Alphabet from $275.00 to $295.00 in a research note on Friday. Wolfe Research upped their price objective on Alphabet from $220.00 to $290.00 in a report on Tuesday, September 30th. Guggenheim reiterated a “buy” rating and issued a $280.00 price objective (up previously from $210.00) on shares of Alphabet in a report on Friday, October 17th. Robert W. Baird upped their price objective on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Finally, Susquehanna upped their price objective on Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.55.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total value of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock valued at $55,805,379. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.