Legacy Private Trust Co. Has $1.11 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Legacy Private Trust Co. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 12.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,306 shares of the information services provider’s stock after buying an additional 808 shares during the period. Legacy Private Trust Co.’s holdings in Alphabet were worth $1,112,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Partnership Wealth Management LLC acquired a new position in Alphabet in the fourth quarter worth approximately $26,000. Bruce G. Allen Investments LLC acquired a new position in Alphabet in the fourth quarter worth approximately $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet in the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the fourth quarter worth approximately $32,000. Finally, Richardson Financial Services Inc. acquired a new position in Alphabet during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, insider John Kent Walker sold 12,084 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the transaction, the insider now owns 48,717 shares of the company’s stock, valued at $7,365,523.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the sale, the insider now owns 48,717 shares in the company, valued at $7,365,523.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $177.92, for a total transaction of $266,880.00. Following the sale, the director now owns 3,727 shares in the company, valued at approximately $663,107.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,958 shares of company stock valued at $22,383,553. 12.99% of the stock is owned by company insiders.

Alphabet Trading Up 1.4 %

Shares of GOOG stock opened at $180.26 on Friday. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $182.51. The firm’s fifty day simple moving average is $171.61 and its 200 day simple moving average is $153.81. The firm has a market capitalization of $2.23 trillion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Alphabet’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several analyst reports. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Morgan Stanley reiterated an “overweight” rating and set a $165.00 price target on shares of Alphabet in a report on Thursday, April 11th. Finally, Oppenheimer increased their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $165.67.

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.