Whittier Trust Co. Grows Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Whittier Trust Co. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,777 shares of the information services provider’s stock after purchasing an additional 1,682 shares during the period. Whittier Trust Co.’s holdings in Alphabet were worth $49,176,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Compass Planning Associates Inc bought a new stake in Alphabet in the fourth quarter valued at about $30,000. LMR Partners LLP acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $39,000. Finally, PayPay Securities Corp lifted its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,368 shares of Alphabet stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $191.55, for a total transaction of $262,040.40. Following the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at approximately $3,961,445.55. The trade was a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 11,764 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares of the company’s stock, valued at $8,181,333.08. This trade represents a 19.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,992 shares of company stock worth $16,093,773 in the last three months. Insiders own 11.55% of the company’s stock.

Alphabet Price Performance

GOOGL opened at $154.64 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company’s 50 day simple moving average is $178.83 and its 200-day simple moving average is $177.10. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05.

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

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Alphabet’s payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOGL shares. Morgan Stanley lowered their price objective on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Jefferies Financial Group cut their price target on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their target price on Alphabet from $232.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Ten analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $209.49.

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.