Capital Investment Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 388,702 shares of the information services provider’s stock after purchasing an additional 11,886 shares during the quarter. Alphabet comprises about 1.3% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Capital Investment Advisors LLC’s holdings in Alphabet were worth $64,466,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Howard Financial Services LTD. raised its holdings in Alphabet by 7.4% in the first quarter. Howard Financial Services LTD. now owns 7,080 shares of the information services provider’s stock worth $1,069,000 after purchasing an additional 489 shares during the period. Indiana Trust & Investment Management CO lifted its holdings in Alphabet by 0.5% during the first quarter. Indiana Trust & Investment Management CO now owns 48,914 shares of the information services provider’s stock worth $7,383,000 after acquiring an additional 261 shares in the last quarter. Capital Asset Advisory Services LLC grew its stake in Alphabet by 7.1% in the first quarter. Capital Asset Advisory Services LLC now owns 55,493 shares of the information services provider’s stock valued at $8,463,000 after acquiring an additional 3,672 shares during the period. Register Financial Advisors LLC increased its holdings in shares of Alphabet by 19.8% in the first quarter. Register Financial Advisors LLC now owns 2,422 shares of the information services provider’s stock worth $366,000 after acquiring an additional 400 shares in the last quarter. Finally, LongView Wealth Management raised its position in shares of Alphabet by 2.6% during the first quarter. LongView Wealth Management now owns 6,192 shares of the information services provider’s stock worth $935,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.
Alphabet Stock Up 0.9 %
GOOGL stock opened at $166.72 on Tuesday. Alphabet Inc. has a 1-year low of $122.68 and a 1-year high of $191.75. The business’s 50 day simple moving average is $161.95 and its 200 day simple moving average is $168.65. 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 firm has a market capitalization of $2.06 trillion, a PE ratio of 25.57, a PEG ratio of 1.27 and a beta of 1.04.
Insider Buying and Selling at Alphabet
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GOOGL. Truist Financial lifted their price objective on Alphabet from $196.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Evercore ISI reduced their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Rosenblatt Securities restated a “neutral” rating and set a $181.00 price objective on shares of Alphabet in a report on Wednesday, July 24th. Loop Capital reaffirmed a “hold” rating and issued a $170.00 target price on shares of Alphabet in a research note on Wednesday, July 3rd. Finally, Scotiabank raised Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.
Get Our Latest Stock Report on GOOGL
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.
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