Rehmann Capital Advisory Group Acquires 1,813,265 Shares of Alphabet Inc (GOOGL)
Rehmann Capital Advisory Group increased its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 118,282.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,814,798 shares of the information services provider’s stock after buying an additional 1,813,265 shares during the period. Alphabet comprises approximately 0.3% of Rehmann Capital Advisory Group’s portfolio, making the stock its 18th largest position. Rehmann Capital Advisory Group owned 0.26% of Alphabet worth $2,137,263,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of GOOGL. Leavell Investment Management Inc. lifted its position in shares of Alphabet by 3.8% in the 3rd quarter. Leavell Investment Management Inc. now owns 1,355 shares of the information services provider’s stock worth $1,636,000 after purchasing an additional 50 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Alphabet by 66.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 76,862 shares of the information services provider’s stock valued at $92,779,000 after purchasing an additional 30,611 shares in the last quarter. Oakworth Capital Inc. increased its stake in Alphabet by 26.7% during the 3rd quarter. Oakworth Capital Inc. now owns 437 shares of the information services provider’s stock valued at $527,000 after purchasing an additional 92 shares in the last quarter. TTP Investments Inc. increased its stake in Alphabet by 35.8% during the 3rd quarter. TTP Investments Inc. now owns 6,802 shares of the information services provider’s stock valued at $8,211,000 after purchasing an additional 1,793 shares in the last quarter. Finally, Regentatlantic Capital LLC increased its stake in Alphabet by 213.3% during the 3rd quarter. Regentatlantic Capital LLC now owns 7,074 shares of the information services provider’s stock valued at $8,539,000 after purchasing an additional 4,816 shares in the last quarter. Institutional investors and hedge funds own 42.53% of the company’s stock.
Shares of NASDAQ:GOOGL opened at $1,190.30 on Friday. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $827.48 billion, a P/E ratio of 25.05, a P/E/G ratio of 1.44 and a beta of 1.05. Alphabet Inc has a fifty-two week low of $977.66 and a fifty-two week high of $1,291.44.
GOOGL has been the subject of a number of recent research reports. Canaccord Genuity upgraded shares of Alphabet from a “hold” rating to a “buy” rating and boosted their price target for the company from $1,140.00 to $1,250.00 in a research note on Thursday, January 3rd. Jefferies Financial Group set a $1,200.00 price target on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, December 20th. Guggenheim initiated coverage on shares of Alphabet in a research note on Thursday, December 6th. They set a “buy” rating and a $1,330.00 price target for the company. Nomura restated a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a research note on Tuesday, December 4th. Finally, ValuEngine raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, December 1st. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Alphabet presently has an average rating of “Buy” and an average target price of $1,314.86.
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Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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