Alphabet Inc. (NASDAQ:GOOGL) Holdings Trimmed by Court Place Advisors LLC

Court Place Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,055 shares of the information services provider’s stock after selling 532 shares during the period. Alphabet accounts for 1.2% of Court Place Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Court Place Advisors LLC’s holdings in Alphabet were worth $3,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. LMR Partners LLP acquired a new stake in shares of Alphabet in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares during the last quarter. Denver PWM LLC lifted its position in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after acquiring an additional 57 shares during the last quarter. Quarry LP acquired a new position in Alphabet during the 2nd quarter worth $53,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Alphabet during the 3rd quarter worth $66,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,529 shares of company stock worth $22,453,483 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GOOGL shares. BMO Capital Markets reissued an “outperform” rating and set a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research report on Wednesday, October 30th. Robert W. Baird reissued an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research report on Tuesday, December 10th. Pivotal Research boosted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $212.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, DA Davidson boosted their price objective on shares of Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Nine research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $211.00.

Alphabet Price Performance

Shares of GOOGL stock opened at $201.23 on Tuesday. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $205.48. The firm’s 50 day moving average is $188.97 and its 200-day moving average is $174.03. The firm has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 26.69, a PEG ratio of 1.31 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet Company 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.