Alphabet Inc. (NASDAQ:GOOGL) is First National Trust Co’s 7th Largest Position

First National Trust Co increased its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 8.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,035 shares of the information services provider’s stock after acquiring an additional 992 shares during the quarter. Alphabet makes up about 1.9% of First National Trust Co’s portfolio, making the stock its 7th biggest holding. First National Trust Co’s holdings in Alphabet were worth $36,255,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of Alphabet by 6.1% during the fourth quarter. International Assets Investment Management LLC now owns 3,356 shares of the information services provider’s stock worth $9,717,000 after buying an additional 192 shares in the last quarter. LSV Asset Management grew its holdings in shares of Alphabet by 1.4% during the fourth quarter. LSV Asset Management now owns 720 shares of the information services provider’s stock worth $2,086,000 after buying an additional 10 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Alphabet by 9.1% during the fourth quarter. Peregrine Capital Management LLC now owns 34,990 shares of the information services provider’s stock worth $101,367,000 after buying an additional 2,909 shares in the last quarter. DMG Group LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $2,242,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $129,130,000. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Insider Transactions at Alphabet

In related news, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was purchased at an average cost of $33.72 per share, with a total value of $456,164.16. Following the completion of the acquisition, the insider now directly owns 593,402 shares in the company, valued at $20,009,515.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 13,528 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was purchased at an average cost of $33.72 per share, with a total value of $456,164.16. Following the completion of the acquisition, the insider now directly owns 593,402 shares in the company, valued at $20,009,515.44. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 1,109 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the sale, the senior vice president now directly owns 1,608 shares of the company’s stock, valued at $3,484,117.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,737 shares of company stock worth $11,549,847. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $115.13 on Wednesday. The firm has a market capitalization of $1.52 trillion, a P/E ratio of 21.42, a P/E/G ratio of 1.88 and a beta of 1.08. Alphabet Inc. has a 52 week low of $101.88 and a 52 week high of $151.55. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $154.71 and its two-hundred day moving average is $138.38.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the previous year, the business earned $27.26 EPS. Research analysts forecast that Alphabet Inc. will post 5.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of research reports. Oppenheimer dropped their target price on shares of Alphabet to $155.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Guggenheim lowered their price target on shares of Alphabet to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. MKM Partners lowered their price target on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. BMO Capital Markets lowered their price target on shares of Alphabet from $165.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 27th. Finally, Piper Sandler lowered their price target on shares of Alphabet from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.29.

About Alphabet

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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