Alphabet Inc. (NASDAQ:GOOGL) Position Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,965 shares of the information services provider’s stock after acquiring an additional 7,771 shares during the quarter. Alphabet makes up 2.3% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 3rd largest holding. Knights of Columbus Asset Advisors LLC’s holdings in Alphabet were worth $24,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Live Oak Investment Partners purchased a new stake in Alphabet in the 4th quarter worth $26,000. Armor Investment Advisors LLC bought a new stake in Alphabet during the 2nd quarter valued at approximately $28,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in Alphabet by 136.7% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock worth $34,000 after purchasing an additional 164 shares in the last quarter. VitalStone Financial LLC boosted its stake in Alphabet by 1,900.0% in the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock worth $34,000 after purchasing an additional 266 shares during the period. Finally, Sanctuary Wealth Management L.L.C. bought a new position in Alphabet in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Alphabet from $142.00 to $146.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. BMO Capital Markets assumed coverage on shares of Alphabet in a report on Tuesday, January 9th. They issued an “outperform” rating and a $170.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Alphabet from $126.00 to $129.00 and gave the stock an “equal weight” rating in a report on Thursday, November 16th. Tigress Financial boosted their target price on shares of Alphabet from $172.00 to $176.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 21st. Finally, Roth Mkm upped their price objective on Alphabet from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $150.15.

Check Out Our Latest Research Report on GOOGL

Alphabet Stock Performance

Shares of Alphabet stock opened at $151.46 on Wednesday. The firm has a market capitalization of $1.90 trillion, a P/E ratio of 29.07, a PEG ratio of 1.35 and a beta of 1.05. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $88.57 and a 52 week high of $153.78. The company has a 50 day moving average price of $139.41 and a 200 day moving average price of $134.57.

Insider Activity

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total transaction of $26,584.00. Following the sale, the director now directly owns 7,184 shares of the company’s stock, valued at $954,897.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the sale, the director now directly owns 7,184 shares of the company’s stock, valued at approximately $954,897.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total value of $9,831,750.00. Following the completion of the sale, the director now owns 104,364 shares in the company, valued at approximately $13,681,076.76. The disclosure for this sale can be found here. Insiders have sold 189,439 shares of company stock valued at $25,954,116 over the last ninety days. 0.88% of the stock is currently owned by insiders.

Alphabet Profile

(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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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