Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 595,799 shares of the information services provider’s stock after acquiring an additional 17,619 shares during the quarter. Alphabet makes up approximately 2.6% of Whittier Trust Co. of Nevada Inc.’s investment portfolio, making the stock its 6th largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Alphabet were worth $90,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in shares of Alphabet during the 4th quarter worth about $26,000. Partnership Wealth Management LLC bought a new position in Alphabet during the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC acquired a new position in Alphabet during the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $34,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.7 %

Shares of GOOG opened at $191.77 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $115.83 and a 12 month high of $192.86. The firm’s 50 day moving average is $177.92 and its 200-day moving average is $158.32. The stock has a market capitalization of $2.37 trillion, a PE ratio of 29.21, a P/E/G ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. Equities research analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio is 12.27%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,880,764.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,227,385 shares in the company, valued at approximately $415,941,874.90. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $166.67, for a total value of $113,668.94. Following the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The disclosure for this sale can be found here. Insiders have sold 146,288 shares of company stock worth $25,345,053 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on GOOG shares. Oppenheimer raised their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research note on Friday, June 28th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Finally, Stifel Nicolaus raised their price objective on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.86.

Get Our Latest Stock Analysis on GOOG

Alphabet Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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