Dixon Mitchell Investment Counsel Inc. Acquires 28,923 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Dixon Mitchell Investment Counsel Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782,064 shares of the information services provider’s stock after purchasing an additional 28,923 shares during the quarter. Alphabet accounts for approximately 5.9% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its largest holding. Dixon Mitchell Investment Counsel Inc.’s holdings in Alphabet were worth $129,705,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. raised its position in Alphabet by 91.7% during the third quarter. Blue Trust Inc. now owns 61,900 shares of the information services provider’s stock worth $11,275,000 after acquiring an additional 29,604 shares during the period. Meridian Financial Partners LLC increased its stake in shares of Alphabet by 0.8% during the third quarter. Meridian Financial Partners LLC now owns 15,155 shares of the information services provider’s stock worth $2,513,000 after purchasing an additional 121 shares in the last quarter. IFG Advisors LLC raised its position in shares of Alphabet by 3.6% during the 3rd quarter. IFG Advisors LLC now owns 12,849 shares of the information services provider’s stock worth $2,131,000 after purchasing an additional 444 shares during the last quarter. Riverview Trust Co lifted its stake in Alphabet by 1.4% in the 3rd quarter. Riverview Trust Co now owns 7,866 shares of the information services provider’s stock valued at $1,305,000 after buying an additional 108 shares in the last quarter. Finally, Accurate Wealth Management LLC boosted its holdings in Alphabet by 2.2% in the 3rd quarter. Accurate Wealth Management LLC now owns 18,692 shares of the information services provider’s stock worth $3,092,000 after buying an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 220,426 shares of company stock worth $35,993,340. Corporate insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOGL. Morgan Stanley decreased their target price on Alphabet from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on Alphabet from $200.00 to $208.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Bank of America upped their target price on shares of Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Wolfe Research began coverage on shares of Alphabet in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price target on the stock. Finally, DA Davidson started coverage on shares of Alphabet in a research note on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Seven 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 company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Stock Performance

NASDAQ GOOGL opened at $166.72 on Tuesday. 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 company has a market cap of $2.06 trillion, a P/E ratio of 25.57, a P/E/G ratio of 1.27 and a beta of 1.04. The stock has a 50-day moving average of $161.95 and a two-hundred day moving average of $168.65. Alphabet Inc. has a 1-year low of $122.68 and a 1-year high of $191.75.

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.