Trinity Financial Advisors LLC Has $492,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Trinity Financial Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,257 shares of the information services provider’s stock after selling 70 shares during the period. Trinity Financial Advisors LLC’s holdings in Alphabet were worth $492,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. RWQ Financial Management Services Inc. raised its position in Alphabet by 8.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock valued at $8,591,000 after buying an additional 4,664 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Alphabet by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock valued at $29,956,000 after purchasing an additional 76,410 shares during the last quarter. Robbins Farley lifted its position in shares of Alphabet by 0.8% in the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after purchasing an additional 118 shares in the last quarter. Nebula Research & Development LLC acquired a new position in Alphabet during the fourth quarter worth $787,000. Finally, Quantum Financial Advisors LLC grew its position in Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after purchasing an additional 564 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Royal Bank of Canada increased their price target on Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Susquehanna boosted their price target on Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a research report on Monday, April 29th. Wedbush increased their price objective on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Canaccord Genuity Group boosted their target price on shares of Alphabet from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Six research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.66.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the sale, the chief executive officer now owns 2,303,011 shares in the company, valued at $362,516,961.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $159.56, for a total transaction of $127,648.00. Following the transaction, the director now owns 7,991 shares of the company’s stock, valued at $1,275,043.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,788 shares of company stock valued at $21,143,403. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 1.2 %

Shares of NASDAQ GOOGL opened at $185.24 on Wednesday. The stock has a market capitalization of $2.29 trillion, a P/E ratio of 28.41, a PEG ratio of 1.37 and a beta of 1.05. The stock’s fifty day moving average is $173.38 and its 200 day moving average is $154.80. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $186.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period last year, the firm earned $1.17 EPS. Sell-side analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.43%. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is presently 12.27%.

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.