Harel Insurance Investments & Financial Services Ltd. Has $15.79 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Harel Insurance Investments & Financial Services Ltd. trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 82,883 shares of the information services provider's stock after selling 9,171 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Alphabet were worth $15,785,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Weiss Asset Management LP bought a new position in shares of Alphabet in the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in Alphabet during the third quarter worth about $33,000. HWG Holdings LP acquired a new position in shares of Alphabet during the 2nd quarter worth about $40,000. Sanctuary Wealth Management L.L.C. increased its stake in shares of Alphabet by 87.3% in the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock valued at $42,000 after acquiring an additional 117 shares during the last quarter. Finally, Iron Horse Wealth Management LLC raised its position in shares of Alphabet by 32.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider's stock valued at $57,000 after acquiring an additional 84 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Alphabet from $208.00 to $212.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 2nd. Finally, Seaport Res Ptn raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.13.

Alphabet Stock Down 4.1 %

Shares of NASDAQ:GOOG traded down $8.27 during midday trading on Monday, reaching $193.64. The company had a trading volume of 24,901,199 shares, compared to its average volume of 16,532,055. The business's 50 day moving average price is $187.95 and its 200 day moving average price is $175.08. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $203.84. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.37 trillion, a PE ratio of 25.68, a P/E/G ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. Research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the sale, the chief accounting officer now owns 26,349 shares of the company's stock, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock valued at $24,368,654 in the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet Company 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.