Heritage Trust Co raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,267 shares of the information services provider’s stock after purchasing an additional 2,898 shares during the period. Alphabet makes up approximately 1.0% of Heritage Trust Co’s holdings, making the stock its 28th biggest position. Heritage Trust Co’s holdings in Alphabet were worth $6,023,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. FourThought Financial Partners LLC acquired a new stake in Alphabet in the 4th quarter valued at about $5,415,000. Glenview Trust Co boosted its stake in Alphabet by 10.7% during the 4th quarter. Glenview Trust Co now owns 458,830 shares of the information services provider’s stock worth $40,483,000 after acquiring an additional 44,278 shares during the last quarter. Willow Creek Wealth Management Inc. boosted its stake in Alphabet by 1,926.9% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock worth $1,774,000 after acquiring an additional 17,631 shares during the last quarter. Bfsg LLC lifted its stake in Alphabet by 160.5% in the fourth quarter. Bfsg LLC now owns 8,075 shares of the information services provider’s stock valued at $712,000 after buying an additional 4,975 shares in the last quarter. Finally, Ibex Investors LLC bought a new position in Alphabet in the fourth quarter valued at approximately $2,617,000. 34.06% of the stock is owned by institutional investors.
Insider Transactions at Alphabet
In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the sale, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,017,565. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,922 shares of Alphabet stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $14.13, for a total value of $1,242,337.86. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann Mather sold 380 shares of Alphabet stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.05, for a total transaction of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,017,565. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 732,217 shares of company stock valued at $21,135,371 and have sold 753,384 shares valued at $30,574,577. Corporate insiders own 0.88% of the company’s stock.
Wall Street Analyst Weigh In
Alphabet Stock Performance
Shares of Alphabet stock opened at $123.48 on Friday. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $126.43. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.57 trillion, a P/E ratio of 27.50, a PEG ratio of 1.54 and a beta of 1.10. The company has a 50 day moving average price of $108.64 and a 200 day moving average price of $99.13.
Alphabet (NASDAQ:GOOGL – Get Rating) last posted 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. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The company had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. During the same period last year, the firm posted $1.23 EPS. Sell-side analysts expect that Alphabet Inc. will post 5.41 EPS for the current year.
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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