Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 11.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,447 shares of the information services provider’s stock after acquiring an additional 754 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Alphabet were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Sherbrooke Park Advisers LLC acquired a new position in Alphabet in the third quarter valued at $856,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Alphabet by 3.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,097,675 shares of the information services provider’s stock worth $276,578,000 after acquiring an additional 71,504 shares during the last quarter. Waverly Advisors LLC increased its stake in Alphabet by 11.9% during the third quarter. Waverly Advisors LLC now owns 22,927 shares of the information services provider’s stock worth $3,023,000 after acquiring an additional 2,433 shares during the last quarter. Kolinsky Wealth Management LLC increased its stake in Alphabet by 5.5% during the third quarter. Kolinsky Wealth Management LLC now owns 5,816 shares of the information services provider’s stock worth $767,000 after acquiring an additional 302 shares during the last quarter. Finally, United Services Automobile Association increased its stake in Alphabet by 14.5% during the third quarter. United Services Automobile Association now owns 131,740 shares of the information services provider’s stock worth $17,370,000 after acquiring an additional 16,652 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOG traded down $3.44 during trading hours on Friday, hitting $183.42. The company’s stock had a trading volume of 22,970,248 shares, compared to its average volume of 21,313,082. Alphabet Inc. has a fifty-two week low of $115.83 and a fifty-two week high of $187.50. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $2.27 trillion, a PE ratio of 28.46, a PEG ratio of 1.39 and a beta of 1.01. The company has a 50-day simple moving average of $173.26 and a 200 day simple moving average of $154.97.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $78.75 billion. During the same period last year, the firm earned $1.17 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the sale, the chief executive officer now directly owns 2,325,513 shares of the company’s stock, valued at approximately $362,012,608.71. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. Insiders sold a total of 146,284 shares of company stock valued at $24,534,393 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. Rosenblatt Securities downgraded Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research report on Friday. Stifel Nicolaus upped their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.86.

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.