Alphabet Inc. (NASDAQ:GOOGL) is Sendero Wealth Management LLC’s 4th Largest Position

Sendero Wealth Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,340 shares of the information services provider’s stock after purchasing an additional 2,943 shares during the quarter. Alphabet accounts for 3.5% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 4th biggest position. Sendero Wealth Management LLC’s holdings in Alphabet were worth $23,727,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Lantz Financial LLC grew its holdings in shares of Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after purchasing an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC bought a new stake in Alphabet in the 2nd quarter worth $218,000. ANTIPODES PARTNERS Ltd increased its position in shares of Alphabet by 610.4% in the second quarter. ANTIPODES PARTNERS Ltd now owns 411,936 shares of the information services provider’s stock valued at $75,034,000 after acquiring an additional 353,949 shares during the period. Defined Wealth Management LLC raised its stake in shares of Alphabet by 5.6% during the second quarter. Defined Wealth Management LLC now owns 2,712 shares of the information services provider’s stock valued at $494,000 after acquiring an additional 145 shares during the last quarter. Finally, Denver PWM LLC purchased a new stake in shares of Alphabet during the second quarter worth about $41,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOGL. Wells Fargo & Company upped their price target on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Stifel Nicolaus raised their price target on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Truist Financial raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein lifted their target price on shares of Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $208.15.

Alphabet Trading Up 1.6 %

NASDAQ:GOOGL opened at $196.00 on Friday. The company has a market cap of $2.40 trillion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $184.08 and a two-hundred day simple moving average of $173.33. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $201.42.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the business earned $1.55 earnings per share. Research analysts forecast that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares of the company’s stock, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by company insiders.

Alphabet 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.