Alphabet Inc (GOOG) Shares Sold by Fiduciary Trust Co.

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Fiduciary Trust Co. lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,450 shares of the information services provider’s stock after selling 110 shares during the period. Fiduciary Trust Co.’s holdings in Alphabet were worth $24,286,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Diversified Trust Co lifted its stake in Alphabet by 0.7% in the third quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after buying an additional 10 shares during the period. Bath Savings Trust Co lifted its stake in Alphabet by 4.1% in the fourth quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after buying an additional 10 shares during the period. Hemenway Trust Co LLC lifted its stake in Alphabet by 2.9% in the fourth quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock valued at $371,000 after buying an additional 10 shares during the period. Vigilant Capital Management LLC lifted its stake in Alphabet by 6.4% in the fourth quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after buying an additional 11 shares during the period. Finally, DeDora Capital Inc. lifted its stake in Alphabet by 0.6% in the fourth quarter. DeDora Capital Inc. now owns 1,814 shares of the information services provider’s stock valued at $1,879,000 after buying an additional 11 shares during the period. Institutional investors own 34.45% of the company’s stock.

In related news, VP Amie Thuener O’toole sold 89 shares of Alphabet stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $1,112.66, for a total value of $99,026.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 39 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $1,182.00, for a total value of $46,098.00. Following the completion of the sale, the director now directly owns 1,797 shares in the company, valued at approximately $2,124,054. The disclosure for this sale can be found here. In the last three months, insiders sold 759 shares of company stock worth $890,683. 13.11% of the stock is owned by insiders.

GOOG has been the topic of several analyst reports. UBS Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. 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. BidaskClub lowered Alphabet from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Barclays cut their target price on Alphabet to $1,350.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 5th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 28th. Two investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and a consensus target price of $1,364.17.

NASDAQ GOOG opened at $1,236.37 on Friday. The stock has a market cap of $859.51 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02. Alphabet Inc has a one year low of $970.11 and a one year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. Alphabet’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $9.70 earnings per share. Research analysts anticipate that Alphabet Inc will post 47.34 earnings per share for the current fiscal year.

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Alphabet Company Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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