Ironwood Financial llc reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,271 shares of the information services provider’s stock after selling 1,829 shares during the quarter. Ironwood Financial llc’s holdings in Alphabet were worth $3,362,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. DGS Capital Management LLC boosted its stake in Alphabet by 32.6% during the 1st quarter. DGS Capital Management LLC now owns 14,379 shares of the information services provider’s stock valued at $2,170,000 after purchasing an additional 3,532 shares during the last quarter. Clarity Financial LLC lifted its holdings in shares of Alphabet by 4.8% in the first quarter. Clarity Financial LLC now owns 4,956 shares of the information services provider’s stock valued at $748,000 after purchasing an additional 227 shares in the last quarter. Ellis Investment Partners LLC boosted its position in shares of Alphabet by 8.6% during the first quarter. Ellis Investment Partners LLC now owns 28,548 shares of the information services provider’s stock valued at $4,309,000 after buying an additional 2,258 shares during the last quarter. Affiance Financial LLC grew its holdings in Alphabet by 4.5% during the first quarter. Affiance Financial LLC now owns 9,350 shares of the information services provider’s stock worth $1,411,000 after buying an additional 400 shares in the last quarter. Finally, S.A. Mason LLC raised its position in Alphabet by 1.5% in the 1st quarter. S.A. Mason LLC now owns 10,587 shares of the information services provider’s stock valued at $1,598,000 after buying an additional 155 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.
Alphabet Stock Performance
Alphabet stock opened at $165.27 on Friday. Alphabet Inc. has a 1-year low of $120.21 and a 1-year high of $191.75. 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 $2.03 trillion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The firm’s 50 day simple moving average is $161.95 and its 200 day simple moving average is $168.51.
Insider Transactions at Alphabet
Analyst Ratings Changes
A number of equities analysts have issued reports on GOOGL shares. Wedbush reaffirmed an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Thursday. Pivotal Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 1st. Argus increased their price objective 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. Evercore ISI cut their target price on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research report on Monday, October 7th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price 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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