Blair William & Co. IL increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,843 shares of the information services provider’s stock after purchasing an additional 3,798 shares during the quarter. Alphabet accounts for approximately 1.7% of Blair William & Co. IL’s investment portfolio, making the stock its 9th largest holding. Blair William & Co. IL’s holdings in Alphabet were worth $269,590,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Lighthouse Financial Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth about $25,000. Cox Capital Mgt LLC acquired a new stake in shares of Alphabet during the first quarter worth about $27,000. Wealthcare Capital Management LLC lifted its holdings in shares of Alphabet by 300.0% during the fourth quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock worth $43,000 after purchasing an additional 24 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $43,000. Finally, Cordasco Financial Network lifted its holdings in Alphabet by 32.1% in the first quarter. Cordasco Financial Network now owns 37 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 9 shares during the period. 33.61% of the stock is owned by hedge funds and other institutional investors.
Shares of GOOG traded up $7.62 during trading hours on Friday, hitting $1,410.42. 1,294,475 shares of the stock were exchanged, compared to its average volume of 1,797,878. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66. Alphabet Inc has a 12-month low of $1,013.54 and a 12-month high of $1,532.11. The company has a market cap of $957.58 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06. The stock’s 50-day moving average price is $1,284.33 and its two-hundred day moving average price is $1,331.95.
A number of brokerages have issued reports on GOOG. ValuEngine raised Alphabet from a “sell” rating to a “hold” rating in a report on Thursday, March 5th. Oppenheimer decreased their price target on Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating for the company in a report on Friday, April 17th. JPMorgan Chase & Co. boosted their price target on Alphabet from $1,340.00 to $1,505.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Cowen boosted their price target on Alphabet from $1,450.00 to $1,525.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $1,580.52.
In related news, CAO Amie Thuener O’toole sold 61 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,397.68, for a total transaction of $85,258.48. Following the completion of the sale, the chief accounting officer now directly owns 388 shares in the company, valued at $542,299.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 31 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $1,352.66, for a total value of $41,932.46. Following the sale, the director now owns 1,119 shares of the company’s stock, valued at $1,513,626.54. The disclosure for this sale can be found here. Insiders have sold 325 shares of company stock valued at $409,753 over the last quarter. 12.99% of the stock is owned by company insiders.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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