Alphabet Inc. (NASDAQ:GOOGL) shares acquired by Sendero Wealth Management LLC


Sendero Wealth Management LLC increased its equity stake in Alphabet Inc. (NASDAQ: GOOGLGet a rating) by 3.4% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 2,935 shares of the information services provider after purchasing an additional 96 shares during the quarter. Alphabet represents 3.8% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Sendero Wealth Management LLC’s holdings in Alphabet were worth $8,163,000 when it last filed with the SEC.

Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. International Assets Investment Management LLC increased its stake in Alphabet by 6.1% during the fourth quarter. International Assets Investment Management LLC now owns 3,356 shares of the information services provider worth $9,717,000 after buying 192 more shares last quarter. Qube Research & Technologies Ltd increased its stake in Alphabet shares by 8.6% during the fourth quarter. Qube Research & Technologies Ltd now owns 21,839 shares of the information services provider worth $63,268,000 after buying an additional 1,731 shares in the last quarter. Ignite Planners LLC purchased a new stake in Alphabet stock in Q4, valued at approximately $731,000. Sunburst Financial Group LLC increased its position in Alphabet shares by 9.4% in the fourth quarter. Sunburst Financial Group LLC now owns 292 shares of the information services provider valued at $846,000 after purchasing 25 additional shares during the period. Finally, Stony Point Wealth Management Inc. increased its stake in Alphabet by 18.2% during the 4th quarter. Stony Point Wealth Management Inc. now owns 1,199 shares of the information services provider worth $3,474,000 after purchasing an additional 185 shares in the last quarter. 41.70% of the shares are currently held by hedge funds and other institutional investors.

Insider trading at Alphabet

In other Alphabet news, please Prabhakar Raghavan sold 1,109 shares of the company in a trade on Friday, July 1. The shares were sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the transaction, the senior vice president now directly owns 1,608 shares of the company, valued at approximately $3,484,117.92. The sale was disclosed in an SEC filing, which is available via this hyperlink. In other news, insider John Kent Walker sold 34,799 shares of Alphabet in a trade that took place on Thursday, August 4. The stock was sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the sale, the insider now owns 18,484 shares of the company, valued at $2,185,733. The transaction was disclosed in a document filed with the SEC, accessible via this link. Also, please Prabhakar Raghavan sold 1,109 Alphabet shares in a trade on Friday, July 1. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares of the company, valued at approximately $3,484,117.92. Disclosure of this sale can be found here. During the last quarter, insiders sold 42,852 shares of the company valued at $15,750,955. 11.44% of the shares are currently held by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $119.70 on Thursday. The company has a market capitalization of $1.58 trillion, a price/earnings ratio of 22.27, a PEG ratio of 1.90 and a beta of 1.08. The company has a debt ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. Alphabet Inc. has a 1-year low of $101.88 and a 1-year high of $151.55. The company has a 50-day moving average of $155.43 and a 200-day moving average of $137.78.

Alphabet (NASDAQ: GOOGLGet a rating) last released its quarterly results on Tuesday, July 26. The information services provider reported EPS of $1.21 for the quarter, missing the consensus estimate of $1.32 per ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same period last year, the company posted earnings per share of $27.26. On average, stock analysts expect Alphabet Inc. to post an EPS of 5.22 for the current fiscal year.

Analysts set new price targets

Several equity research analysts have weighed in on the company recently. JPMorgan Chase & Co. cut its price target on Alphabet from $160.00 to $140.00 and set an “overweight” rating for the company in a Wednesday, June 29 report. Exane BNP Paribas downgraded Alphabet’s shares from an “outperforming” rating to a “neutral” rating in a Wednesday July 20 research report. Susquehanna cut its price target on Alphabet shares from $187.50 to $150.00 and set a “positive” rating for the company in a Wednesday, July 27 report. Guggenheim lowered its price target on Alphabet to $130.00 and set an “outperform” rating on the stock in a Wednesday, July 27 report. Finally, Mizuho reduced its price target on Alphabet from $175.00 to $150.00 and set a “buy” rating for the company in a Friday, July 22 research note. Five analysts gave the stock a hold rating, thirty-four gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.36.

Alphabet Company Profile

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

Further reading

Want to see which other hedge funds hold GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ: GOOGLGet a rating).

Institutional ownership by quarter for Alphabet (NASDAQ:GOOGL)



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