Lebenthal Global Advisors LLC Has $430,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Lebenthal Global Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,260 shares of the information services provider’s stock after purchasing an additional 135 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Alphabet were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Centaurus Financial Inc. increased its holdings in shares of Alphabet by 111.0% during the second quarter. Centaurus Financial Inc. now owns 69,259 shares of the information services provider’s stock worth $12,704,000 after buying an additional 36,439 shares in the last quarter. Alternative Investment Advisors LLC. bought a new stake in Alphabet during the 2nd quarter worth approximately $216,000. Ashburton Jersey Ltd acquired a new stake in Alphabet during the 2nd quarter valued at $23,681,000. Mattson Financial Services LLC bought a new position in Alphabet in the 2nd quarter valued at $7,594,000. Finally, Global Wealth Strategies & Associates boosted its stake in Alphabet by 21.4% in the third quarter. Global Wealth Strategies & Associates now owns 1,020 shares of the information services provider’s stock worth $171,000 after purchasing an additional 180 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Up 2.8 %

Shares of Alphabet stock opened at $202.63 on Friday. The company has a market capitalization of $2.48 trillion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The business has a 50-day moving average of $189.03 and a two-hundred day moving average of $175.35. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $203.84.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same period last year, the company posted $1.55 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 8.02 EPS for the current year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the transaction, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at $3,468,029.04. This represents a 13.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,630 shares of company stock worth $22,258,133 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on GOOG shares. Pivotal Research upped their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Scotiabank boosted their target price on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group boosted their price objective on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.69.

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.