Court Place Advisors LLC Has $3.61 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Court Place Advisors LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,055 shares of the information services provider’s stock after selling 532 shares during the quarter. Alphabet comprises about 1.2% of Court Place Advisors LLC’s portfolio, making the stock its 23rd largest holding. Court Place Advisors LLC’s holdings in Alphabet were worth $3,607,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. LMR Partners LLP bought a new position in Alphabet in the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after buying an additional 166 shares during the period. Denver PWM LLC increased its holdings in Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after buying an additional 57 shares during the period. Quarry LP bought a new position in Alphabet in the 2nd quarter valued at about $53,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Alphabet in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Truist Financial raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Sanford C. Bernstein lifted their price target on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Roth Mkm lifted their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $211.00.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at $3,606,723.84. This trade represents a 6.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. This represents a 1.07 % 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 in the last quarter. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Down 1.4 %

Alphabet stock opened at $201.23 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $205.48. The firm’s fifty day moving average is $188.97 and its 200 day moving average is $174.03. The company has a market capitalization of $2.46 trillion, a PE ratio of 26.69, a PEG ratio of 1.31 and a beta of 0.99.

About Alphabet

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.