Dorsey & Whitney Trust CO LLC boosted its position in Alphabet Inc (NASDAQ:GOOG) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,892 shares of the information services provider’s stock after acquiring an additional 1,263 shares during the period. Alphabet accounts for 1.8% of Dorsey & Whitney Trust CO LLC’s investment portfolio, making the stock its 10th biggest position. Dorsey & Whitney Trust CO LLC’s holdings in Alphabet were worth $10,244,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in GOOG. Ayalon Holdings Ltd. bought a new stake in shares of Alphabet during the 4th quarter valued at about $32,000. First PREMIER Bank boosted its stake in Alphabet by 80.0% during the fourth quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after acquiring an additional 16 shares in the last quarter. CX Institutional boosted its stake in Alphabet by 471.4% during the fourth quarter. CX Institutional now owns 40 shares of the information services provider’s stock worth $41,000 after acquiring an additional 33 shares in the last quarter. Bogart Wealth LLC boosted its stake in Alphabet by 440.0% during the fourth quarter. Bogart Wealth LLC now owns 54 shares of the information services provider’s stock worth $55,000 after acquiring an additional 44 shares in the last quarter. Finally, Norway Savings Bank boosted its stake in Alphabet by 28.6% during the fourth quarter. Norway Savings Bank now owns 90 shares of the information services provider’s stock worth $93,000 after acquiring an additional 20 shares in the last quarter. 34.45% of the stock is currently owned by institutional investors and hedge funds.
In other Alphabet news, Director Ann Mather sold 38 shares of the stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $1,100.00, for a total transaction of $41,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $1,112.66, for a total transaction of $99,026.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 797 shares of company stock worth $932,483. 13.11% of the stock is owned by company insiders.
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Alphabet from a “sell” rating to a “hold” rating in a report on Tuesday. Cowen reissued an “outperform” rating and issued a $1,420.00 target price (up previously from $1,390.00) on shares of Alphabet in a research note on Thursday, April 11th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, February 6th. Deutsche Bank reissued a “buy” rating and issued a $1,380.00 target price (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. Finally, UBS Group reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,349.78.
GOOG stock traded up $10.84 during trading on Wednesday, hitting $1,237.97. The company had a trading volume of 9,471 shares, compared to its average volume of 1,199,808. The company has a market capitalization of $853.09 billion, a PE ratio of 26.03, a P/E/G ratio of 1.44 and a beta of 1.05. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The company had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. During the same period in the prior year, the business earned $9.70 EPS. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc will post 47.34 EPS for the current fiscal year.
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Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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