Woodstock Corp lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,953 shares of the information services provider’s stock after selling 74 shares during the quarter. Alphabet comprises about 1.6% of Woodstock Corp’s investment portfolio, making the stock its 19th biggest position. Woodstock Corp’s holdings in Alphabet were worth $12,278,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Kinloch Capital LLC acquired a new stake in Alphabet in the 4th quarter worth $28,000. Resolute Partners Group acquired a new stake in Alphabet in the 4th quarter worth $28,000. ForthRight Wealth Management LLC acquired a new stake in Alphabet in the 4th quarter worth $32,000. Cowa LLC acquired a new stake in Alphabet in the 4th quarter worth $38,000. Finally, Cypress Point Wealth Management LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 33.79% of the company’s stock.
Shares of NASDAQ:GOOGL traded up $12.17 during midday trading on Thursday, hitting $2,251.20. The company had a trading volume of 23,070 shares, compared to its average volume of 1,826,505. Alphabet Inc. has a 12 month low of $1,182.33 and a 12 month high of $2,244.50. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.52 trillion, a price-to-earnings ratio of 43.27, a PEG ratio of 1.65 and a beta of 0.99. The firm has a fifty day simple moving average of $2,066.46 and a 200 day simple moving average of $1,812.59.
Several brokerages have recently weighed in on GOOGL. Raymond James lifted their target price on shares of Alphabet from $1,800.00 to $2,440.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Credit Suisse Group lifted their target price on shares of Alphabet from $2,000.00 to $2,360.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Morgan Stanley boosted their price target on shares of Alphabet from $2,200.00 to $2,350.00 and gave the company an “overweight” rating in a research report on Wednesday, March 31st. Wedbush raised their price objective on shares of Alphabet from $2,150.00 to $2,470.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Alphabet in a research note on Tuesday, February 2nd. One research analyst has rated the stock with a hold rating and forty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $2,108.21.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.
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