Accuvest Global Advisors continued to hold its position in shares of Alphabet Inc (NASDAQ:GOOGL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,150 shares of the company’s stock at the end of the fourth quarter. Accuvest Global Advisors’ holdings in Alphabet were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Taylor Wealth Management Partners raised its position in Alphabet by 5.0% in the fourth quarter. Taylor Wealth Management Partners now owns 84 shares of the company’s stock valued at $65,000 after buying an additional 4 shares during the last quarter. Lenox Wealth Advisors increased its stake in shares of Alphabet by 6.8% in the fourth quarter. Lenox Wealth Advisors now owns 312 shares of the company’s stock valued at $243,000 after buying an additional 20 shares during the period. Hartford Financial Management Inc. increased its stake in shares of Alphabet by 4.7% in the fourth quarter. Hartford Financial Management Inc. now owns 333 shares of the company’s stock valued at $259,000 after buying an additional 15 shares during the period. Baystate Wealth Management increased its stake in shares of Alphabet by 3.1% in the fourth quarter. Baystate Wealth Management now owns 335 shares of the company’s stock valued at $261,000 after buying an additional 10 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $261,000.

Shares of Alphabet Inc (NASDAQ:GOOGL) opened at 761.35 on Friday. The company has a market capitalization of $523.60 billion and a PE ratio of 32.09. Alphabet Inc has a one year low of $521.72 and a one year high of $798.69. The company has a 50-day moving average price of $750.90 and a 200 day moving average price of $706.29.

Several analysts have commented on the stock. B. Riley restated a “buy” rating and set a $853.00 target price on shares of Alphabet in a report on Wednesday, October 28th. Raymond James restated a “buy” rating and set a $790.00 target price on shares of Alphabet in a report on Friday. Societe Generale restated a “buy” rating and set a $910.00 target price (up from $705.00) on shares of Alphabet in a report on Friday, January 22nd. Wedbush raised their target price on shares of Alphabet from $740.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Citigroup Inc. raised their target price on shares of Alphabet from $820.00 to $890.00 in a report on Friday, November 13th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $834.75.

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.

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