Greenleaf Trust Has $36.80 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Greenleaf Trust grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,407 shares of the information services provider’s stock after purchasing an additional 3,600 shares during the quarter. Alphabet comprises approximately 0.4% of Greenleaf Trust’s investment portfolio, making the stock its 17th biggest position. Greenleaf Trust’s holdings in Alphabet were worth $36,795,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after buying an additional 12,070,681 shares during the period. Northern Trust Corp grew its position in Alphabet by 3.7% during the third quarter. Northern Trust Corp now owns 67,684,197 shares of the information services provider’s stock worth $8,857,154,000 after buying an additional 2,416,328 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Alphabet by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 34,035,275 shares of the information services provider’s stock worth $4,453,856,000 after buying an additional 335,219 shares in the last quarter. American Century Companies Inc. grew its position in Alphabet by 7.8% during the third quarter. American Century Companies Inc. now owns 25,064,614 shares of the information services provider’s stock worth $3,279,955,000 after buying an additional 1,809,910 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Alphabet by 9.3% during the third quarter. Jennison Associates LLC now owns 24,145,417 shares of the information services provider’s stock worth $3,159,669,000 after buying an additional 2,058,221 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,439 shares of company stock worth $36,746,578. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price target on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays increased their price target on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Sanford C. Bernstein raised their target price on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a report on Friday. Finally, Royal Bank of Canada raised their target price on Alphabet from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $187.82.

Alphabet Stock Performance

Shares of Alphabet stock opened at $171.95 on Friday. Alphabet Inc. has a one year low of $103.54 and a one year high of $174.71. The firm has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.43 and a beta of 1.05. The business has a 50-day simple moving average of $147.85 and a 200 day simple moving average of $141.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

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.