Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Sentinel Trust Co. LBA

Sentinel Trust Co. LBA boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,925 shares of the information services provider’s stock after acquiring an additional 534 shares during the period. Sentinel Trust Co. LBA’s holdings in Alphabet were worth $1,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pettinga Financial Advisors LLC lifted its stake in shares of Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after acquiring an additional 201 shares during the period. LCM Capital Management Inc raised its holdings in Alphabet by 2.1% during the third quarter. LCM Capital Management Inc now owns 20,940 shares of the information services provider’s stock worth $3,473,000 after purchasing an additional 434 shares in the last quarter. Pacific Wealth Strategies Group Inc. lifted its position in Alphabet by 23.1% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 26,930 shares of the information services provider’s stock valued at $4,466,000 after purchasing an additional 5,045 shares during the period. Lincluden Management Ltd. boosted its holdings in Alphabet by 0.9% in the 3rd quarter. Lincluden Management Ltd. now owns 50,204 shares of the information services provider’s stock valued at $8,326,000 after purchasing an additional 469 shares in the last quarter. Finally, Norris Perne & French LLP MI boosted its holdings in Alphabet by 1.0% in the 3rd quarter. Norris Perne & French LLP MI now owns 418,256 shares of the information services provider’s stock valued at $69,368,000 after purchasing an additional 4,255 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GOOGL. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Piper Sandler cut their price target on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Price Performance

Alphabet stock opened at $162.76 on Friday. 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 Inc. has a 1 year low of $140.03 and a 1 year high of $207.05. The company has a market cap of $1.98 trillion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.34 and a beta of 1.02. The firm has a 50 day moving average price of $186.22 and a 200 day moving average price of $176.39.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. Alphabet’s payout ratio is currently 9.94%.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,882 shares of company stock valued at $17,934,130 over the last three months. Company insiders own 11.55% of the company’s stock.

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.