Howard Capital Management Group LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Howard Capital Management Group LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.0% during the third quarter, HoldingsChannel.com reports. The fund owned 307,180 shares of the information services provider’s stock after buying an additional 94 shares during the quarter. Alphabet makes up approximately 3.6% of Howard Capital Management Group LLC’s investment portfolio, making the stock its 7th largest position. Howard Capital Management Group LLC’s holdings in Alphabet were worth $50,946,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its holdings in Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares during the period. Kings Path Partners LLC bought a new stake in shares of Alphabet in the second quarter valued at $36,000. Tributary Capital Management LLC bought a new stake in shares of Alphabet in the first quarter valued at $30,000. Denver PWM LLC bought a new stake in shares of Alphabet in the second quarter valued at $41,000. Finally, Quarry LP bought a new stake in shares of Alphabet in the second quarter valued at $53,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOGL. JMP Securities restated a “market outperform” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, September 25th. Truist Financial boosted their target price on Alphabet from $196.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Bank of America boosted their target price on Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Argus boosted their target price on Alphabet from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $200.00 price target on shares of Alphabet in a research report on Monday, September 30th. Seven 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. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $201.76.

Alphabet Stock Performance

Alphabet stock opened at $165.27 on Monday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.03 trillion, a P/E ratio of 23.71, a PEG ratio of 1.27 and a beta of 1.04. The stock’s 50 day moving average is $161.95 and its 200 day moving average is $168.60. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The stock was 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 approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock worth $35,993,340 in the last 90 days. Insiders own 11.55% of the company’s stock.

Alphabet Company 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.