First National Trust Co grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 331,225 shares of the information services provider’s stock after purchasing an additional 3,775 shares during the period. Alphabet comprises approximately 1.5% of First National Trust Co’s portfolio, making the stock its 13th biggest position. First National Trust Co’s holdings in Alphabet were worth $29,224,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Breakwater Capital Group purchased a new stake in shares of Alphabet in the fourth quarter valued at about $369,000. ProShare Advisors LLC lifted its position in shares of Alphabet by 10.4% during the 4th quarter. ProShare Advisors LLC now owns 4,477,601 shares of the information services provider’s stock worth $395,059,000 after buying an additional 422,164 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Alphabet by 11.9% in the 4th quarter. Profund Advisors LLC now owns 306,430 shares of the information services provider’s stock worth $27,036,000 after buying an additional 32,580 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Alphabet by 4.1% in the fourth quarter. Integrated Advisors Network LLC now owns 132,155 shares of the information services provider’s stock valued at $11,660,000 after acquiring an additional 5,157 shares in the last quarter. Finally, Dfpg Investments LLC increased its position in shares of Alphabet by 5.0% during the fourth quarter. Dfpg Investments LLC now owns 40,570 shares of the information services provider’s stock valued at $3,713,000 after acquiring an additional 1,938 shares during the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Alphabet
In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $103.46, for a total value of $3,349,931.34. Following the completion of the sale, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $99.87, for a total transaction of $63,617.19. Following the completion of the sale, the chief accounting officer now owns 25,282 shares of the company’s stock, valued at approximately $2,524,913.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Prabhakar Raghavan sold 32,379 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the transaction, the senior vice president now owns 76,580 shares in the company, valued at approximately $7,922,966.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,539 shares of company stock valued at $10,209,164. Insiders own 11.44% of the company’s stock.
Analyst Upgrades and Downgrades
Alphabet Price Performance
Shares of Alphabet stock opened at $103.71 on Thursday. The firm has a market capitalization of $1.33 trillion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $122.85. The business’s 50-day moving average price is $99.70 and its 200-day moving average price is $96.49.
Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period last year, the business earned $1.23 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 5.08 EPS for the current fiscal year.
Alphabet Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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