Acorn Creek Capital LLC Has $635,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Acorn Creek Capital LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,354 shares of the information services provider’s stock after buying an additional 66 shares during the quarter. Acorn Creek Capital LLC’s holdings in Alphabet were worth $635,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in Alphabet by 5.3% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,345 shares of the information services provider’s stock worth $2,526,000 after acquiring an additional 676 shares during the last quarter. Buffington Mohr McNeal raised its holdings in shares of Alphabet by 8.1% during the fourth quarter. Buffington Mohr McNeal now owns 15,760 shares of the information services provider’s stock worth $2,983,000 after acquiring an additional 1,183 shares during the period. Diamant Asset Management Inc. lifted its position in Alphabet by 0.3% in the 4th quarter. Diamant Asset Management Inc. now owns 41,144 shares of the information services provider’s stock valued at $7,789,000 after acquiring an additional 140 shares in the last quarter. Joseph P. Lucia & Associates LLC lifted its holdings in shares of Alphabet by 1.4% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 6,879 shares of the information services provider’s stock valued at $1,302,000 after purchasing an additional 98 shares in the last quarter. Finally, BankPlus Wealth Management LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $513,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now owns 23,324 shares in the company, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,529 shares of company stock valued at $22,453,483. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $201.23 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a 50-day moving average of $188.97 and a 200-day moving average of $174.03. The company has a market cap of $2.46 trillion, a PE ratio of 26.69, a P/E/G ratio of 1.31 and a beta of 0.99. Alphabet Inc. has a one year low of $130.66 and a one year high of $205.48.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several analyst reports. DA Davidson upped their target price on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Robert W. Baird restated an “outperform” rating and issued a $205.00 price objective on shares of Alphabet in a research note on Tuesday, December 10th. Needham & Company LLC upped their target price on Alphabet from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Truist Financial increased their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $211.00.

Alphabet Profile

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.