Capital City Trust Co. FL Acquires 929 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Capital City Trust Co. FL raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,515 shares of the information services provider’s stock after buying an additional 929 shares during the quarter. Alphabet accounts for about 3.1% of Capital City Trust Co. FL’s investment portfolio, making the stock its 7th largest position. Capital City Trust Co. FL’s holdings in Alphabet were worth $12,591,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sigma Planning Corp lifted its position in shares of Alphabet by 1.3% in the 4th quarter. Sigma Planning Corp now owns 82,388 shares of the information services provider’s stock worth $15,596,000 after acquiring an additional 1,026 shares during the period. Cypress Capital LLC bought a new stake in shares of Alphabet in the 4th quarter worth approximately $2,602,000. Navellier & Associates Inc. lifted its position in shares of Alphabet by 3.6% in the 4th quarter. Navellier & Associates Inc. now owns 9,945 shares of the information services provider’s stock worth $1,883,000 after acquiring an additional 350 shares during the period. Wealth Management Nebraska bought a new stake in shares of Alphabet in the 4th quarter worth approximately $329,000. Finally, Prentice Wealth Management LLC lifted its position in shares of Alphabet by 3.7% in the 4th quarter. Prentice Wealth Management LLC now owns 6,759 shares of the information services provider’s stock worth $1,279,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the completion of the transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,316 shares of company stock valued at $25,062,887 over the last three months. Company insiders own 11.55% of the company’s stock.

Alphabet Stock Up 0.9 %

Shares of Alphabet stock opened at $173.86 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $134.00 and a 12 month high of $207.05. The business has a fifty day simple moving average of $188.21 and a 200 day simple moving average of $176.40. The stock has a market cap of $2.12 trillion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOGL) last announced 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 return on equity of 32.49% and a net margin of 28.60%. Research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

A number of analysts have commented on GOOGL shares. Wedbush raised their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Cantor Fitzgerald cut their target price on Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research report on Thursday, December 12th. Piper Sandler cut their target price on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

About Alphabet

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.