Harel Insurance Investments & Financial Services Ltd. Decreases Stake in Alphabet Inc. (NASDAQ:GOOGL)

Harel Insurance Investments & Financial Services Ltd. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 764,672 shares of the information services provider's stock after selling 2,585 shares during the period. Alphabet makes up approximately 2.4% of Harel Insurance Investments & Financial Services Ltd.'s holdings, making the stock its 14th largest holding. Harel Insurance Investments & Financial Services Ltd.'s holdings in Alphabet were worth $144,752,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LMR Partners LLP bought a new stake in shares of Alphabet during the 3rd quarter worth approximately $32,000. Denver PWM LLC lifted its position in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock worth $47,000 after purchasing an additional 57 shares during the last quarter. Quarry LP bought a new position in shares of Alphabet in the second quarter worth about $53,000. Teachers Insurance & Annuity Association of America purchased a new position in Alphabet in the 3rd quarter worth about $66,000. Finally, Mendota Financial Group LLC lifted its holdings in Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider's stock valued at $67,000 after buying an additional 64 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 1,367 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the company's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,630 shares of company stock worth $22,258,133. Corporate insiders own 11.55% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GOOGL shares. Citizens Jmp lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. JMP Securities restated a "market perform" rating on shares of Alphabet in a report on Monday. Robert W. Baird reissued an "outperform" rating and set a $205.00 price target on shares of Alphabet in a research report on Tuesday, December 10th. BMO Capital Markets restated an "outperform" rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, Pivotal Research upped their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $209.82.

Alphabet Stock Performance

GOOGL opened at $200.87 on Friday. 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 Inc. has a 12-month low of $130.66 and a 12-month high of $202.29. The firm has a 50 day moving average of $187.53 and a two-hundred day moving average of $173.84. The firm has a market capitalization of $2.46 trillion, a PE ratio of 26.64, a P/E/G ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data 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 business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter last year, the business posted $1.55 EPS. On average, analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

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.