Alphabet Inc. (NASDAQ:GOOG) Position Cut by Lavaca Capital LLC


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Lavaca Capital LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG) by 25.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341 shares of the information services provider’s stock after selling 117 shares during the quarter. Lavaca Capital LLC’s holdings in Alphabet were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of GOOG. Cubist Systematic Strategies LLC bought a new position in Alphabet in the 2nd quarter worth approximately $859,000. WFA of San Diego LLC bought a new position in Alphabet in the 2nd quarter worth approximately $368,000. Elevated Capital Advisors LLC bought a new position in Alphabet in the 2nd quarter worth approximately $981,000. Schonfeld Strategic Advisors LLC grew its holdings in Alphabet by 1,689.8% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 5,781 shares of the information services provider’s stock worth $8,172,000 after buying an additional 5,458 shares in the last quarter. Finally, Atria Investments LLC lifted its position in Alphabet by 2.9% in the second quarter. Atria Investments LLC now owns 9,832 shares of the information services provider’s stock worth $13,899,000 after purchasing an additional 280 shares during the period. 29.94% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on GOOG. Robert W. Baird upped their target price on Alphabet from $1,675.00 to $1,725.00 in a research report on Friday, October 30th. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Friday, October 30th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Monday, January 4th. Wedbush restated an “outperform” rating and issued a $1,850.00 target price (up from $1,700.00) on shares of Alphabet in a research report on Friday, October 30th. Finally, Cowen upped their target price on Alphabet from $1,900.00 to $2,200.00 and gave the stock an “outperform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $1,843.00.

Shares of NASDAQ:GOOG opened at $1,754.40 on Thursday. The company’s fifty day moving average is $1,770.41 and its two-hundred day moving average is $1,613.69. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $1,013.54 and a 12-month high of $1,847.20. The company has a market cap of $1.19 trillion, a P/E ratio of 33.90, a price-to-earnings-growth ratio of 2.04 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, November 3rd. The information services provider reported $16.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $11.35 by $5.05. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The business had revenue of $46.17 billion for the quarter, compared to the consensus estimate of $42.84 billion. During the same period in the prior year, the business posted $10.12 earnings per share. Alphabet’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 51.54 earnings per share for the current year.

In related news, Director Ann Mather sold 52 shares of the stock in a transaction dated Monday, January 4th. The shares were sold at an average price of $1,757.54, for a total value of $91,392.08. Following the completion of the sale, the director now owns 1,117 shares in the company, valued at $1,963,172.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 30 shares of the stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $1,764.42, for a total transaction of $52,932.60. Following the completion of the sale, the chief accounting officer now owns 846 shares of the company’s stock, valued at approximately $1,492,699.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,564 shares of company stock valued at $2,756,038. 12.99% of the stock is owned by corporate insiders.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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