Edge Wealth Management continued to hold its position in shares of Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The hedge fund owned 355 shares of the company’s stock at the end of the fourth quarter. Edge Wealth Management’s holdings in Alphabet were worth $271,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Modera Wealth Management bought a new stake in Alphabet during the third quarter valued at $224,000. Lenox Wealth Advisors raised its stake in 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 in the last quarter. Indiana Trust & Investment Management Company raised its stake in Alphabet by 27.7% in the fourth quarter. Indiana Trust & Investment Management Company now owns 623 shares of the company’s stock valued at $328,000 after buying an additional 135 shares in the last quarter. Union Bankshares bought a new stake in Alphabet during the fourth quarter valued at $342,000. Finally, McQueen, Ball & Associates bought a new stake in Alphabet during the fourth quarter valued at $355,000.

Alphabet Inc (NASDAQ:GOOG) traded up 2.64% during midday trading on Friday, hitting $725.25. 2,011,797 shares of the stock were exchanged. Alphabet Inc has a 1-year low of $499.83 and a 1-year high of $779.98. The firm has a market capitalization of $498.77 billion and a P/E ratio of 30.57. The firm’s 50-day moving average price is $739.05 and its 200 day moving average price is $674.40.

A number of equities research analysts recently commented on the company. Vetr lowered Alphabet from a “hold” rating to a “sell” rating and set a $731.31 price target on the stock. in a research report on Tuesday, December 1st. Raymond James restated an “outperform” rating on shares of Alphabet in a research report on Wednesday, December 16th. Robert W. Baird restated an “outperform” rating and set a $780.00 price target on shares of Alphabet in a research report on Sunday, November 22nd. Deutsche Bank restated a “buy” rating and set a $900.00 price target on shares of Alphabet in a research report on Sunday, November 22nd. Finally, Evercore ISI restated a “buy” rating and set a $915.00 price target (up from $840.00) on shares of Alphabet in a research report on Thursday, December 3rd. Four investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $818.52.

In other Alphabet news, major shareholder Sergey Brin sold 33,332 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $721.51, for a total value of $24,049,371.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director L John Doerr sold 4,789 shares of the company’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $696.12, for a total transaction of $3,333,718.68. Following the completion of the sale, the director now directly owns 149 shares of the company’s stock, valued at $103,721.88. 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.

12 Month Chart for NASDAQ:GOOG

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.