Seneschal Advisors LLC Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Seneschal Advisors LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,422 shares of the information services provider's stock, valued at approximately $1,223,000. Alphabet makes up 1.0% of Seneschal Advisors LLC's holdings, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management purchased a new stake in Alphabet during the fourth quarter valued at $27,000. WealthTrak Capital Management LLC bought a new position in Alphabet during the fourth quarter valued at $38,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Alphabet in the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet in the 4th quarter worth about $43,000. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

Alphabet stock traded down $3.09 during midday trading on Tuesday, hitting $158.38. 7,753,613 shares of the company were exchanged, compared to its average volume of 19,371,976. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The firm has a market capitalization of $1.93 trillion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The business has a fifty day simple moving average of $169.86 and a two-hundred day simple moving average of $177.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. Alphabet's payout ratio is 9.94%.

Insiders Place Their Bets

In other news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total transaction of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company's stock, valued at $3,468,029.04. The trade was a 13.70 % 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 link. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total transaction of $32,380.00. Following the completion of the transaction, the director now directly owns 7,613 shares in the company, valued at $1,232,544.70. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,497 shares of company stock worth $20,837,150. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on GOOG shares. Scotiabank increased their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a report on Friday, January 24th. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a report on Wednesday, February 5th. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Westpark Capital started coverage on shares of Alphabet in a research note on Tuesday, April 1st. They issued a "buy" rating and a $210.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $208.71.

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.