State of Alaska Department of Revenue Has $127.62 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

State of Alaska Department of Revenue raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 763,300 shares of the information services provider’s stock after buying an additional 26,140 shares during the period. Alphabet comprises about 1.4% of State of Alaska Department of Revenue’s portfolio, making the stock its 7th biggest position. State of Alaska Department of Revenue’s holdings in Alphabet were worth $127,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Goldstein Advisors LLC boosted its stake in shares of Alphabet by 15.5% in the 3rd quarter. Goldstein Advisors LLC now owns 6,505 shares of the information services provider’s stock valued at $1,088,000 after purchasing an additional 874 shares during the last quarter. Kavar Capital Partners Group LLC raised its position in shares of Alphabet by 5.8% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 6,557 shares of the information services provider’s stock worth $1,096,000 after acquiring an additional 361 shares in the last quarter. Smith Salley Wealth Management lifted its stake in shares of Alphabet by 3.7% in the 3rd quarter. Smith Salley Wealth Management now owns 230,849 shares of the information services provider’s stock valued at $38,596,000 after purchasing an additional 8,213 shares during the period. Bristlecone Advisors LLC boosted its position in shares of Alphabet by 0.6% during the 3rd quarter. Bristlecone Advisors LLC now owns 62,871 shares of the information services provider’s stock valued at $10,511,000 after purchasing an additional 363 shares in the last quarter. Finally, Mattern Capital Management LLC grew its stake in Alphabet by 17.1% during the third quarter. Mattern Capital Management LLC now owns 6,122 shares of the information services provider’s stock worth $1,024,000 after purchasing an additional 896 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. Scotiabank began coverage on Alphabet in a research note on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price target on the stock. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a report on Thursday, September 5th. DA Davidson raised shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Finally, Pivotal Research began coverage on shares of Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price objective on the stock. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Price Performance

GOOG stock opened at $166.99 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The business has a 50-day simple moving average of $163.35 and a two-hundred day simple moving average of $170.12. The company has a market capitalization of $2.06 trillion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 52-week low of $121.46 and a 52-week high of $193.31.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider John Kent Walker sold 21,467 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the completion of the sale, the insider now directly owns 39,334 shares of the company’s stock, valued at approximately $6,307,206.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 over the last 90 days. Insiders own 12.99% 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.