Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 658,860 shares of the information services provider’s stock after selling 16,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Alphabet were worth $78,866,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Live Oak Investment Partners acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. Armor Investment Advisors LLC bought a new position in Alphabet during the 2nd quarter valued at $28,000. CarsonAllaria Wealth Management Ltd. increased its position in shares of Alphabet by 136.7% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock valued at $34,000 after purchasing an additional 164 shares during the period. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Alphabet during the 4th quarter valued at $34,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet in the 3rd quarter worth $38,000. 35.08% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Trading Up 0.7 %
Alphabet stock opened at $136.25 on Tuesday. Alphabet Inc. has a one year low of $84.86 and a one year high of $141.22. The company’s fifty day moving average price is $133.42 and its two-hundred day moving average price is $127.88. 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 company has a market capitalization of $1.71 trillion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.51 and a beta of 1.05.
In related news, CAO Amie Thuener O’toole sold 3,749 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the completion of the transaction, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 3,749 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $136.28, for a total value of $510,913.72. Following the completion of the sale, the chief accounting officer now directly owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 220 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the sale, the director now owns 4,818 shares in the company, valued at $627,014.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,576 shares of company stock valued at $23,425,367. 0.88% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on GOOGL. Roth Mkm lifted their target price on Alphabet from $146.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Jefferies Financial Group boosted their target price on shares of Alphabet from $150.00 to $165.00 in a report on Wednesday, July 26th. Sanford C. Bernstein raised their target price on shares of Alphabet from $130.00 to $135.00 in a report on Wednesday, July 26th. Loop Capital lifted their price target on shares of Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Finally, Wells Fargo & Company increased their price objective on Alphabet from $126.00 to $129.00 and gave the company an “equal weight” rating in a research report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on 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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