3 hours Ago By ABMN Staff
Neumann Advisory Hong Kong Ltd raised its holdings in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 24.5% in the fourth quarter, Holdings Channel.
com reports. The institutional investor owned 40,439 shares of the information services provider’s stock after purchasing an additional 7,950 shares during the quarter. Alphabet comprises about 2.
2% of Neumann Advisory Hong Kong Ltd’s holdings, making the stock its 5th biggest position. Neumann Advisory Hong Kong Ltd’s holdings in Alphabet were worth $7,655,000 as of its most recent SEC filing. A number of other hedge funds have also modified their holdings of the business.
Narwhal Capital Management acquired a new position in Alphabet during the fourth quarter worth about $222,000. Peak Financial Management Inc. lifted its stake in Alphabet by 5.
5% in the 4th quarter. Peak Financial Management Inc. now owns 4,420 shares of the information services provider’s stock worth $837,000 after purchasing an additional 229 shares in the last quarter.
Bryant Woods Investment Advisors LLC boosted its holdings in shares of Alphabet by 22.9% during the 4th quarter. Bryant Woods Investment Advisors LLC now owns 1,764 shares of the information services provider’s stock worth $334,000 after purchasing an additional 329 shares during the last quarter.
Empirical Financial Services LLC d.b.a.
Empirical Wealth Management grew its position in shares of Alphabet by 6.7% in the fourth quarter. Empirical Financial Services LLC d.
b.a. Empirical Wealth Management now owns 71,539 shares of the information services provider’s stock valued at $13,542,000 after purchasing an additional 4,503 shares in the last quarter.
Finally, Stablepoint Partners LLC increased its holdings in shares of Alphabet by 1.5% in the fourth quarter. Stablepoint Partners LLC now owns 29,346 shares of the information services provider’s stock valued at $5,555,000 after purchasing an additional 442 shares during the last quarter.
40.03% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at Alphabet In other news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Wednesday, January 15th.
The stock was sold at an average price of $194.32, for a total transaction of $550,702.88.
Following the completion of the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.
70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction that occurred on Monday, November 4th.
The shares were sold at an average price of $171.06, for a total value of $75,437.46.
Following the completion of the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This trade represents a 2.
60 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders have sold 121,630 shares of company stock valued at $22,258,133.
Insiders own 11.55% of the company’s stock. Alphabet Stock Up 1.
6 % Wall Street Analysts Forecast Growth GOOGL has been the subject of several analyst reports. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Wolfe Research upped their price objective on shares of Alphabet from $220.
00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th.
Needham & Company LLC raised their price target on shares of Alphabet from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 27th.
Finally, Roth Mkm upped their price objective on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th.
Nine equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $211.00.
Read Our Latest Stock Analysis on Alphabet Alphabet Company Profile ( Free Report ) 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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