Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Trust Point Inc.

Trust Point Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,938 shares of the information services provider’s stock after purchasing an additional 919 shares during the period. Alphabet accounts for about 0.7% of Trust Point Inc.’s holdings, making the stock its 19th biggest position. Trust Point Inc.’s holdings in Alphabet were worth $10,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GOOGL. Miracle Mile Advisors LLC lifted its stake in Alphabet by 3.0% in the third quarter. Miracle Mile Advisors LLC now owns 107,968 shares of the information services provider’s stock valued at $17,907,000 after buying an additional 3,144 shares during the last quarter. MKT Advisors LLC increased its holdings in shares of Alphabet by 0.8% in the 3rd quarter. MKT Advisors LLC now owns 7,363 shares of the information services provider’s stock valued at $1,221,000 after acquiring an additional 62 shares during the period. Value Partners Investments Inc. raised its position in Alphabet by 1,587.8% in the 3rd quarter. Value Partners Investments Inc. now owns 248,224 shares of the information services provider’s stock valued at $41,168,000 after purchasing an additional 233,517 shares during the last quarter. Cohen Investment Advisors LLC boosted its stake in Alphabet by 2.8% during the 3rd quarter. Cohen Investment Advisors LLC now owns 29,304 shares of the information services provider’s stock worth $4,860,000 after purchasing an additional 797 shares during the period. Finally, Sterling Group Wealth Management LLC boosted its stake in Alphabet by 4.6% during the 3rd quarter. Sterling Group Wealth Management LLC now owns 3,624 shares of the information services provider’s stock worth $601,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $183.61 on Thursday. The company has a market cap of $2.25 trillion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95. The stock’s 50-day moving average is $192.18 and its 200-day moving average is $174.89.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Equities analysts anticipate that Alphabet Inc. will post 8.91 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given 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 yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GOOGL shares. DZ Bank cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price for the company. in a report on Thursday, February 6th. Roth Mkm boosted their price target on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley decreased their price objective on Alphabet from $215.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Truist Financial boosted their target price on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $225.00 price target on shares of Alphabet in a report on Wednesday, February 5th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling

In other news, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,529 shares of company stock valued at $16,600,078. Company insiders own 11.55% of the company’s stock.

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.