Sendero Wealth Management LLC Buys 14,220 Shares of Alphabet Inc. (NASDAQ:GOOG)

Sendero Wealth Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,724.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,742 shares of the information services provider’s stock after purchasing an additional 14,220 shares during the period. Alphabet comprises approximately 0.6% of Sendero Wealth Management LLC’s holdings, making the stock its 24th largest position. Sendero Wealth Management LLC’s holdings in Alphabet were worth $1,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Totem Point Management LLC increased its position in Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares during the period. Somerville Kurt F increased its position in Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. purchased a new position in Alphabet during the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. increased its position in Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 50 shares during the period. Finally, Fairfield Bush & CO. increased its position in Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after purchasing an additional 214 shares during the period. Institutional investors own 28.69% of the company’s stock.

Alphabet Stock Up 2.3 %

NASDAQ:GOOG opened at $93.91 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10. The company’s 50 day moving average is $93.47 and its two-hundred day moving average is $102.22. The company has a market cap of $1.22 trillion, a PE ratio of 18.65, a P/E/G ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $70.67 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now directly owns 11,522,248 shares in the company, valued at approximately $195,878,216. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the transaction, the director now owns 11,200 shares of the company’s stock, valued at $1,156,176. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GOOG shares. Credit Suisse Group set a $128.00 target price on shares of Alphabet in a research report on Wednesday, October 26th. Cowen cut their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Oppenheimer cut their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Cowen cut their price objective on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, UBS Group set a $115.00 price objective on shares of Alphabet in a research report on Thursday, January 12th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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