Alpha Financial Partners LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 60.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,350 shares of the information services provider’s stock after selling 2,067 shares during the quarter. Alpha Financial Partners LLC’s holdings in Alphabet were worth $226,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC raised its position in shares of Alphabet by 9,200.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after buying an additional 184 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Alphabet in the second quarter valued at approximately $37,000. HWG Holdings LP purchased a new stake in Alphabet in the second quarter valued at approximately $40,000. Slocum Gordon & Co LLP purchased a new stake in Alphabet in the second quarter valued at approximately $44,000. Finally, Hoese & Co LLP raised its position in Alphabet by 62.5% in the second quarter. Hoese & Co LLP now owns 260 shares of the information services provider’s stock valued at $45,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Stock Up 1.5 %
Alphabet stock opened at $166.99 on Monday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $163.35 and its 200-day simple moving average is $170.12. The firm has a market capitalization of $2.06 trillion, a P/E ratio of 23.96, a P/E/G ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a twelve month low of $121.46 and a twelve month high of $193.31.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
GOOG has been the topic of a number of research analyst reports. UBS Group cut their target price on Alphabet from $204.00 to $187.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. Wolfe Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Pivotal Research initiated coverage on Alphabet in a research report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 target price on the stock. DA Davidson raised Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Finally, Oppenheimer cut their price objective on Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.90.
Read Our Latest Analysis on GOOG
Alphabet Company 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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