Trust Co. of Oklahoma reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,815 shares of the information services provider’s stock after selling 1,194 shares during the quarter. Trust Co. of Oklahoma’s holdings in Alphabet were worth $1,229,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corrado Advisors LLC bought a new position in Alphabet during the 4th quarter valued at about $27,000. Gould Capital LLC raised its holdings in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after buying an additional 301 shares during the period. Essex Investment Management Co. LLC lifted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 320 shares of the information services provider’s stock worth $31,000 after acquiring an additional 304 shares during the last quarter. My Personal CFO LLC purchased a new position in Alphabet during the 4th quarter valued at $34,000. Finally, Bellwether Advisors LLC grew its position in Alphabet by 9,400.0% in the 3rd quarter. Bellwether Advisors LLC now owns 380 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 376 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Alphabet
In other news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $12.72, for a total transaction of $347,128.80. Following the sale, the insider now owns 10,958,925 shares in the company, valued at $139,397,526. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of Alphabet stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $12.72, for a total value of $347,128.80. Following the sale, the insider now owns 10,958,925 shares in the company, valued at approximately $139,397,526. The disclosure for this sale can be found here. Insiders have sold 848,738 shares of company stock valued at $27,463,304 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.
Alphabet Trading Up 1.7 %
Alphabet (NASDAQ:GOOG – Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 5.41 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently issued reports on GOOG shares. Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. UBS Group upped their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Robert W. Baird lifted their price target on shares of Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft increased their price objective on Alphabet from $120.00 to $125.00 in a research note on Wednesday, April 26th. Finally, Oppenheimer decreased their target price on Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.80.
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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