Benin Management purchased a new stake in Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 395 shares of the company’s stock, valued at approximately $300,000.

A number of other hedge funds have also recently bought and sold shares of the company. Baystate Wealth Management purchased a new stake in Alphabet during the fourth quarter valued at about $206,000. Modera Wealth Management bought a new position in shares of Alphabet during the third quarter valued at $224,000. Lenox Wealth Advisors raised its position in shares of Alphabet by 25.5% in the fourth quarter. Lenox Wealth Advisors now owns 369 shares of the company’s stock valued at $280,000 after buying an additional 75 shares during the last quarter. Dividend Asset Capital bought a new position in shares of Alphabet during the fourth quarter valued at $283,000. Finally, Carroll Financial Associates raised its position in shares of Alphabet by 21.0% in the fourth quarter. Carroll Financial Associates now owns 421 shares of the company’s stock valued at $319,000 after buying an additional 73 shares during the last quarter.

Alphabet Inc (NASDAQ:GOOG) traded up 3.04% during midday trading on Thursday, hitting $721.26. The stock had a trading volume of 1,035,128 shares. The firm has a market cap of $496.03 billion and a price-to-earnings ratio of 30.40. Alphabet Inc has a 52 week low of $499.83 and a 52 week high of $779.98. The firm has a 50 day moving average of $733.97 and a 200 day moving average of $679.52.

GOOG has been the topic of several research analyst reports. Oppenheimer raised shares of Alphabet from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $670.00 to $700.00 in a research report on Friday, October 2nd. Morningstar reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 2nd. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $720.38 price objective on the stock. in a research report on Tuesday, October 6th. Cantor Fitzgerald reissued a “buy” rating and issued a $720.00 price objective on shares of Alphabet in a research report on Monday, October 19th. Finally, Wedbush initiated coverage on shares of Alphabet in a research report on Tuesday, October 20th. They issued a “neutral” rating and a $700.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $826.22.

In other Alphabet news, Director L John Doerr sold 4,789 shares of the stock in a transaction on Friday, January 15th. The stock was sold at an average price of $696.12, for a total value of $3,333,718.68. Following the completion of the transaction, the director now owns 149 shares in the company, valued at $103,721.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David C. Drummond sold 5,290 shares of the stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $745.36, for a total value of $3,942,954.40. Following the completion of the transaction, the senior vice president now owns 306 shares of the company’s stock, valued at approximately $228,080.16. The disclosure for this sale can be found here.

Alphabet Inc (NASDAQ:GOOG) is a collection of Companies. The Company’s collection include Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. These will be managed separately in Alphabet. On October 2, 2015, Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement), dated as of October 2, 2015, among Google, Alphabet and Maple Technologies Inc., a Delaware corporation (Merger Sub), which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.

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