First National Bank & Trust Co. of Newtown Sells 255 Shares of Alphabet Inc. (NASDAQ:GOOGL)

First National Bank & Trust Co. of Newtown trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,905 shares of the information services provider’s stock after selling 255 shares during the period. Alphabet accounts for 0.6% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 27th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Alphabet were worth $2,641,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GOOGL. RWQ Financial Management Services Inc. lifted its holdings in shares of Alphabet by 8.2% during the 4th quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after acquiring an additional 4,664 shares during the last quarter. Ballast Advisors LLC lifted its holdings in shares of Alphabet by 9.6% during the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock worth $2,061,000 after acquiring an additional 1,385 shares during the last quarter. Quantum Financial Advisors LLC lifted its holdings in shares of Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after acquiring an additional 564 shares during the last quarter. Colton Groome Financial Advisors LLC lifted its holdings in shares of Alphabet by 3.8% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after acquiring an additional 100 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Alphabet by 2.4% during the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock worth $577,908,000 after acquiring an additional 104,366 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on GOOGL shares. Barclays lifted their target price on shares of Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. JMP Securities lifted their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday. Wells Fargo & Company lifted their target price on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday. Oppenheimer boosted their price objective on shares of Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $187.82.

Insider Activity

In other news, 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 value of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value 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 this link. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of 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 253,439 shares of company stock valued at $36,746,578 over the last three months. Insiders own 0.88% of the company’s stock.

Alphabet Trading Up 10.2 %

Shares of NASDAQ GOOGL opened at $171.95 on Friday. The firm’s 50 day moving average price is $147.85 and its 200-day moving average price is $141.42. The company has a market cap of $2.14 trillion, a PE ratio of 26.37, a P/E/G ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 52-week low of $103.54 and a 52-week high of $174.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 25.90% and a return on equity of 30.01%. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same period in the previous year, the company earned $1.05 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 6.79 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.47%. Alphabet’s payout ratio is 12.27%.

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.