A. N. Culbertson & Company decreased its stake in Alphabet Inc (NASDAQ:GOOGL) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The hedge fund owned 1,317 shares of the company’s stock after selling 6 shares during the period. A. N. Culbertson & Company’s holdings in Alphabet were worth $1,025,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Van Cleef Asset Management boosted its stake in shares of Alphabet by 2.3% in the fourth quarter. Van Cleef Asset Management now owns 7,235 shares of the company’s stock valued at $5,629,000 after buying an additional 164 shares during the last quarter. MUFG Americas boosted its stake in shares of Alphabet by 3.3% in the third quarter. MUFG Americas now owns 30,890 shares of the company’s stock valued at $19,719,000 after buying an additional 993 shares during the last quarter. Baker Avenue Asset Management boosted its stake in shares of Alphabet by 2.5% in the third quarter. Baker Avenue Asset Management now owns 984 shares of the company’s stock valued at $628,000 after buying an additional 24 shares during the last quarter. Jennison Associates boosted its stake in shares of Alphabet by 36.6% in the third quarter. Jennison Associates now owns 2,742,844 shares of the company’s stock valued at $1,750,949,000 after buying an additional 734,667 shares during the last quarter. Finally, Fulton Bank boosted its stake in shares of Alphabet by 0.9% in the fourth quarter. Fulton Bank now owns 4,521 shares of the company’s stock valued at $3,518,000 after buying an additional 40 shares during the last quarter.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 733.79 on Wednesday. The firm has a market cap of $504.65 billion and a PE ratio of 30.93. The firm’s 50-day moving average is $753.03 and its 200-day moving average is $704.52. Alphabet Inc has a 12-month low of $503.48 and a 12-month high of $798.69.

Several analysts have commented on the stock. B. Riley restated a “buy” rating and set a $853.00 price objective on shares of Alphabet in a research note on Wednesday, October 28th. Societe Generale restated a “buy” rating and set a $910.00 price objective (up from $705.00) on shares of Alphabet in a research note on Friday, January 22nd. Citigroup Inc. lifted their price objective on shares of Alphabet from $820.00 to $890.00 in a research note on Friday, November 13th. Cowen and Company reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, January 21st. Finally, Pacific Crest reiterated an “overweight” rating and issued a $850.00 target price on shares of Alphabet in a research note on Tuesday. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $831.98.

Alphabet Inc (NASDAQ:GOOGL) 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:GOOGL

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.