Marshall Financial Group LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 94.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,298 shares of the information services provider's stock after buying an additional 3,053 shares during the quarter. Marshall Financial Group LLC's holdings in Alphabet were worth $1,045,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc increased its position in Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after buying an additional 60 shares during the period. Kings Path Partners LLC bought a new position in Alphabet during the 2nd quarter worth $36,000. Tributary Capital Management LLC bought a new position in Alphabet during the 1st quarter worth $30,000. Denver PWM LLC bought a new position in Alphabet during the 2nd quarter worth $41,000. Finally, Quarry LP bought a new position in Alphabet during the 2nd quarter worth $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Trading Up 1.6 %
GOOGL traded up $2.55 during trading on Friday, hitting $165.27. The company's stock had a trading volume of 19,828,884 shares, compared to its average volume of 20,081,864. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock's fifty day moving average price is $161.95 and its 200-day moving average price is $168.60. The firm has a market capitalization of $2.03 trillion, a P/E ratio of 23.71, a PEG ratio of 1.27 and a beta of 1.04.
Insider Activity
In other news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company's stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock worth $35,993,340 over the last quarter. 11.55% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Truist Financial raised their price target on Alphabet from $196.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Bank of America raised their price target on Alphabet from $200.00 to $206.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Guggenheim raised their price target on Alphabet from $195.00 to $205.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. JMP Securities restated a "market outperform" rating and issued a $200.00 price target on shares of Alphabet in a research report on Wednesday, September 25th. Finally, Wolfe Research assumed coverage on Alphabet in a research report on Tuesday, July 16th. They issued an "outperform" rating and a $240.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.76.
Check Out Our Latest Stock Report on Alphabet
About Alphabet
(
Free Report)
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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