First National Trust Co decreased its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,536 shares of the information services provider’s stock after selling 1,579 shares during the period. Alphabet comprises 2.1% of First National Trust Co’s portfolio, making the stock its 9th largest holding. First National Trust Co’s holdings in Alphabet were worth $52,010,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC purchased a new position in shares of Alphabet in the 4th quarter valued at about $787,000. New Hampshire Trust lifted its position in shares of Alphabet by 2.7% during the 2nd quarter. New Hampshire Trust now owns 43,714 shares of the information services provider’s stock valued at $7,963,000 after acquiring an additional 1,132 shares during the period. Matisse Capital boosted its stake in shares of Alphabet by 13.7% during the 4th quarter. Matisse Capital now owns 16,781 shares of the information services provider’s stock worth $2,344,000 after acquiring an additional 2,026 shares in the last quarter. Berkshire Money Management Inc. acquired a new stake in shares of Alphabet in the 1st quarter worth approximately $359,000. Finally, Schneider Downs Wealth Management Advisors LP increased its stake in Alphabet by 58.4% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider’s stock valued at $962,000 after purchasing an additional 2,351 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Alphabet Price Performance
Shares of Alphabet stock opened at $158.06 on Tuesday. The business’s fifty day moving average price is $166.84 and its 200 day moving average price is $165.01. The stock has a market capitalization of $1.95 trillion, a P/E ratio of 24.24, a PEG ratio of 1.13 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75.
Alphabet Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Monday, September 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.51%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.
Insider Activity at Alphabet
In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $177.40, for a total transaction of $3,991,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,213,011 shares in the company, valued at approximately $392,588,151.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $177.40, for a total value of $3,991,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,213,011 shares in the company, valued at $392,588,151.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at $1,655.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 180,167 shares of company stock worth $30,139,931. 11.55% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on GOOGL shares. DA Davidson began coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Royal Bank of Canada increased their price objective on shares of Alphabet from $200.00 to $204.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Piper Sandler cut their target price on shares of Alphabet from $206.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, September 10th. TD Securities lifted their target price on shares of Alphabet from $200.00 to $220.00 in a research report on Wednesday, July 10th. Finally, Evercore ISI dropped their price objective on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.08.
Get Our Latest Research Report on Alphabet
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.
Read More
- Five stocks we like better than Alphabet
- How to Plot Fibonacci Price Inflection Levels
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- 3 Warren Buffett Stocks to Buy Now
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 5 Oversold Stocks to Buy Right Now
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.