Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Trust Co. of Oklahoma

Trust Co. of Oklahoma lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,407 shares of the information services provider’s stock after purchasing an additional 1,537 shares during the quarter. Alphabet comprises 2.1% of Trust Co. of Oklahoma’s holdings, making the stock its 12th largest position. Trust Co. of Oklahoma’s holdings in Alphabet were worth $6,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Assets Advisory LLC raised its stake in shares of Alphabet by 15,351.0% during the 1st quarter. Global Assets Advisory LLC now owns 2,304,517 shares of the information services provider’s stock valued at $347,821,000 after buying an additional 2,289,602 shares during the last quarter. Financial Synergies Wealth Advisors Inc. boosted its stake in shares of Alphabet by 560.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 528 shares of the information services provider’s stock worth $80,000 after buying an additional 448 shares during the last quarter. Perkins Coie Trust Co raised its position in Alphabet by 0.8% during the first quarter. Perkins Coie Trust Co now owns 66,940 shares of the information services provider’s stock valued at $10,103,000 after acquiring an additional 541 shares in the last quarter. Capital Planning LLC acquired a new position in Alphabet in the first quarter valued at approximately $412,000. Finally, BlueSky Wealth Advisors LLC lifted its holdings in Alphabet by 4.9% in the first quarter. BlueSky Wealth Advisors LLC now owns 7,519 shares of the information services provider’s stock valued at $1,135,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.4 %

Shares of GOOGL opened at $162.78 on Thursday. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 24.97, a P/E/G ratio of 1.21 and a beta of 1.04. The firm has a 50-day moving average price of $161.87 and a 200 day moving average price of $168.40. 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 (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the prior year, the company posted $1.44 EPS. Sell-side analysts forecast that Alphabet Inc. will post 7.64 EPS for the current year.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $168.84, for a total value of $230,804.28. Following the sale, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,426 shares of company stock worth $35,993,340. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GOOGL shares. Truist Financial lifted their target price on shares of Alphabet from $196.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Wolfe Research initiated coverage on shares of Alphabet in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $240.00 price objective for the company. Tigress Financial raised their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. Finally, Bank of America upped their price target on Alphabet from $200.00 to $206.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

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.