Greenup Street Wealth Management LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,626 shares of the information services provider’s stock after selling 5,607 shares during the period. Alphabet accounts for approximately 1.4% of Greenup Street Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Greenup Street Wealth Management LLC’s holdings in Alphabet were worth $6,572,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in Alphabet by 0.5% during the third quarter. Global Retirement Partners LLC now owns 113,288 shares of the information services provider’s stock worth $18,789,000 after buying an additional 509 shares during the last quarter. Good Life Advisors LLC boosted its position in shares of Alphabet by 10.3% during the 3rd quarter. Good Life Advisors LLC now owns 26,452 shares of the information services provider’s stock valued at $4,388,000 after acquiring an additional 2,472 shares during the last quarter. Avaii Wealth Management LLC boosted its position in shares of Alphabet by 7.5% during the 3rd quarter. Avaii Wealth Management LLC now owns 31,137 shares of the information services provider’s stock valued at $5,164,000 after acquiring an additional 2,180 shares during the last quarter. Summit Financial Strategies Inc. increased its position in Alphabet by 18.2% during the third quarter. Summit Financial Strategies Inc. now owns 8,335 shares of the information services provider’s stock worth $1,382,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Orin Green Financial LLC raised its stake in Alphabet by 56.8% during the third quarter. Orin Green Financial LLC now owns 4,971 shares of the information services provider’s stock worth $824,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.
Alphabet Stock Up 1.6 %
Alphabet stock opened at $165.27 on Friday. The stock has a market cap of $2.03 trillion, a PE ratio of 23.71, a P/E/G ratio of 1.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The stock’s fifty day moving average is $161.95 and its two-hundred day moving average is $168.51. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75.
Insider Activity
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GOOGL. Argus increased their price target on shares of Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of Alphabet in a research report on Monday, October 7th. Scotiabank upgraded Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Guggenheim increased their price target on Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, DA Davidson began coverage on Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $201.76.
Read Our Latest Research Report on Alphabet
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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