Alphabet Inc. (NASDAQ:GOOGL) Holdings Lowered by Mendota Financial Group LLC

Mendota Financial Group LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,491 shares of the information services provider’s stock after selling 1,444 shares during the quarter. Alphabet comprises 1.3% of Mendota Financial Group LLC’s holdings, making the stock its 16th biggest position. Mendota Financial Group LLC’s holdings in Alphabet were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. ERn Financial LLC raised its holdings in shares of Alphabet by 8.9% in the 4th quarter. ERn Financial LLC now owns 16,041 shares of the information services provider’s stock worth $2,302,000 after purchasing an additional 1,317 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Alphabet by 11.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 24,875 shares of the information services provider’s stock worth $3,475,000 after purchasing an additional 2,567 shares in the last quarter. Manning & Napier Group LLC raised its holdings in shares of Alphabet by 3.5% in the 4th quarter. Manning & Napier Group LLC now owns 1,850,602 shares of the information services provider’s stock worth $258,511,000 after purchasing an additional 63,197 shares in the last quarter. Sharkey Howes & Javer raised its holdings in shares of Alphabet by 12.2% in the 4th quarter. Sharkey Howes & Javer now owns 2,109 shares of the information services provider’s stock worth $295,000 after purchasing an additional 229 shares in the last quarter. Finally, Teamwork Financial Advisors LLC raised its holdings in shares of Alphabet by 57.8% in the 4th quarter. Teamwork Financial Advisors LLC now owns 88,343 shares of the information services provider’s stock worth $12,341,000 after purchasing an additional 32,357 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, CFO Ruth Porat sold 48,077 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Ruth Porat sold 48,077 shares of Alphabet stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 228,239 shares of company stock worth $32,432,382. 0.88% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOGL opened at $154.56 on Wednesday. The company has a 50-day moving average of $143.95 and a 200-day moving average of $138.46. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.39 and a beta of 1.05. Alphabet Inc. has a 52 week low of $101.93 and a 52 week high of $155.74. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGLGet Free Report) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same quarter last year, the company posted $1.05 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JMP Securities boosted their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities dropped their target price on shares of Alphabet from $174.00 to $172.00 and set a “buy” rating on the stock in a research report on Wednesday, January 31st. Barclays dropped their target price on shares of Alphabet from $180.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 31st. Wedbush lifted their target price on shares of Alphabet from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Susquehanna lifted their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.48.

Check Out Our Latest Research Report on GOOGL

About Alphabet

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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