Sustainable Insight Capital Management LLC Lowers Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Sustainable Insight Capital Management LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,820 shares of the information services provider’s stock after selling 100 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Alphabet were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Hengehold Capital Management LLC boosted its stake in shares of Alphabet by 2.5% in the fourth quarter. Hengehold Capital Management LLC now owns 8,287 shares of the information services provider’s stock worth $1,569,000 after buying an additional 201 shares during the last quarter. Seneca House Advisors boosted its stake in shares of Alphabet by 1.5% in the fourth quarter. Seneca House Advisors now owns 66,382 shares of the information services provider’s stock worth $12,566,000 after buying an additional 974 shares during the last quarter. Montecito Bank & Trust boosted its stake in shares of Alphabet by 1.1% in the fourth quarter. Montecito Bank & Trust now owns 52,622 shares of the information services provider’s stock worth $9,961,000 after buying an additional 575 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Alphabet in the fourth quarter worth about $220,000. Finally, New Century Financial Group LLC boosted its stake in shares of Alphabet by 43.4% in the fourth quarter. New Century Financial Group LLC now owns 20,348 shares of the information services provider’s stock worth $3,902,000 after buying an additional 6,160 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now directly owns 17,847 shares in the company, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 122,887 shares of company stock worth $22,470,464. Corporate insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets restated an “outperform” rating and issued a $217.00 target price (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Stifel Nicolaus upped their price target on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Robert W. Baird reaffirmed an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Tuesday, December 10th. Pivotal Research upped their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.82.

Alphabet Trading Up 0.1 %

NASDAQ:GOOGL opened at $195.41 on Thursday. The firm has a market cap of $2.39 trillion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The stock has a fifty day moving average price of $187.14 and a 200 day moving average price of $173.69. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $202.29. 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 (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the firm earned $1.55 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

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.