Cetera Trust Company N.A Invests $1.45 Million in Alphabet Inc. (NASDAQ:GOOG)

Cetera Trust Company N.A bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,310 shares of the information services provider’s stock, valued at approximately $1,453,000.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Alphabet during the fourth quarter valued at $26,000. Tandem Wealth Advisors LLC purchased a new position in Alphabet during the third quarter valued at $25,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet during the fourth quarter valued at $28,000. Buck Wealth Strategies LLC bought a new position in Alphabet during the third quarter valued at $32,000. Finally, Barometer Capital Management Inc. bought a new position in Alphabet during the third quarter valued at $32,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Alphabet stock opened at $157.95 on Tuesday. Alphabet Inc. has a 12-month low of $103.27 and a 12-month high of $161.70. The firm has a 50-day moving average price of $147.65 and a 200-day moving average price of $142.12. The firm has a market capitalization of $1.96 trillion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same quarter last year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders sold 251,339 shares of company stock worth $36,377,482 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GOOG shares. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Oppenheimer increased their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Stifel Nicolaus increased their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Raymond James increased their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $159.86.

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.