Alphabet Inc. (NASDAQ:GOOGL) Stock Position Lifted by Seneca House Advisors

Seneca House Advisors grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,382 shares of the information services provider’s stock after buying an additional 974 shares during the period. Alphabet accounts for 5.0% of Seneca House Advisors’ portfolio, making the stock its 4th biggest holding. Seneca House Advisors’ holdings in Alphabet were worth $12,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. LMR Partners LLP purchased a new position in Alphabet in the 3rd quarter worth approximately $32,000. Denver PWM LLC lifted its holdings in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after purchasing an additional 57 shares in the last quarter. Quarry LP purchased a new position in Alphabet in the 2nd quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America purchased a new position in Alphabet in the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC lifted its holdings in Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after purchasing an additional 64 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Bank of America reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. JMP Securities reissued a “market perform” rating on shares of Alphabet in a research report on Monday. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.82.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the transaction, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,887 shares of company stock valued at $22,470,464. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 0.1 %

Shares of NASDAQ:GOOGL opened at $195.41 on Thursday. The business’s 50-day moving average is $187.14 and its 200 day moving average is $173.69. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29. The firm has a market capitalization of $2.39 trillion, a P/E ratio of 25.92, a P/E/G ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period in the prior year, the company posted $1.55 EPS. On average, research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.