Baader Bank Aktiengesellschaft decreased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,050 shares of the information services provider's stock after selling 2,419 shares during the period. Baader Bank Aktiengesellschaft's holdings in Alphabet were worth $1,914,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Weiss Asset Management LP bought a new position in shares of Alphabet during the 3rd quarter valued at $25,000. Safe Harbor Fiduciary LLC purchased a new stake in Alphabet during the third quarter valued at $33,000. Sanctuary Wealth Management L.L.C. lifted its holdings in Alphabet by 87.3% in the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after acquiring an additional 117 shares during the period. Iron Horse Wealth Management LLC boosted its position in Alphabet by 32.3% in the third quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider's stock worth $57,000 after purchasing an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC bought a new stake in shares of Alphabet during the 4th quarter valued at about $76,000. Hedge funds and other institutional investors own 27.26% of the company's stock.
Several brokerages have recently weighed in on GOOG. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Scotiabank lifted their price target on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 24th. Canaccord Genuity Group upped their price objective on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company upped their price target on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.13.
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In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,834 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now directly owns 17,847 shares of the company's stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,630 shares of company stock worth $22,258,133. Corporate insiders own 12.99% of the company's stock.
GOOG opened at $205.60 on Friday. The company has a market capitalization of $2.52 trillion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The firm has a 50-day simple moving average of $190.48 and a two-hundred day simple moving average of $175.66. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $207.08.
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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