Mawer Investment Management Ltd. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,847 shares of the information services provider’s stock after selling 868 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Alphabet were worth $5,457,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. FourThought Financial Partners LLC acquired a new stake in Alphabet in the 4th quarter valued at about $5,415,000. Willow Creek Wealth Management Inc. lifted its position in Alphabet by 1,926.9% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after acquiring an additional 17,631 shares during the last quarter. Bfsg LLC lifted its position in Alphabet by 160.5% during the 4th quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock worth $712,000 after acquiring an additional 4,975 shares during the last quarter. Ibex Investors LLC bought a new position in shares of Alphabet during the 4th quarter worth about $2,617,000. Finally, Arjuna Capital increased its stake in Alphabet by 2.8% in the fourth quarter. Arjuna Capital now owns 127,545 shares of the information services provider’s stock valued at $11,253,000 after acquiring an additional 3,427 shares during the period. 34.06% of the stock is owned by institutional investors and hedge funds.
Alphabet Trading Up 0.8 %
Shares of Alphabet stock opened at $117.51 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $122.43. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.35 and a beta of 1.10. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $103.71 and its 200-day moving average price is $97.24.
Analysts Set New Price Targets
GOOGL has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. KeyCorp decreased their target price on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, January 30th. Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Roth Mkm increased their price target on shares of Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $130.00 target price on shares of Alphabet in a research note on Friday, February 10th. Three investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.06.
Insider Buying and Selling at Alphabet
In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the transaction, the director now owns 11,300 shares in the company, valued at $1,017,565. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now owns 11,300 shares of the company’s stock, valued at $1,017,565. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $107.51, for a total value of $68,483.87. Following the completion of the sale, the chief accounting officer now directly owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 732,217 shares of company stock worth $21,135,371 and have sold 326,208 shares worth $16,803,119. Company insiders own 11.44% of the company’s stock.
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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