Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Fiduciary Trust Co

Fiduciary Trust Co boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 369,582 shares of the information services provider’s stock after acquiring an additional 5,028 shares during the quarter. Alphabet comprises 0.9% of Fiduciary Trust Co’s holdings, making the stock its 20th biggest position. Fiduciary Trust Co’s holdings in Alphabet were worth $70,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Alphabet during the fourth quarter valued at about $5,166,070,000. Raymond James Financial Inc. bought a new position in shares of Alphabet during the 4th quarter valued at about $1,551,533,000. Northern Trust Corp boosted its position in shares of Alphabet by 16.1% during the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock valued at $10,873,751,000 after purchasing an additional 7,917,625 shares in the last quarter. GQG Partners LLC grew its stake in shares of Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider’s stock worth $1,376,066,000 after purchasing an additional 7,221,746 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Alphabet by 6.7% in the fourth quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock valued at $17,376,706,000 after buying an additional 5,758,244 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total value of $5,075,200.00. Following the sale, the chief executive officer now owns 2,685,196 shares of the company’s stock, valued at $419,320,207.36. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,824 shares of company stock worth $25,086,603 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $155.75 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 19.35, a P/E/G ratio of 1.34 and a beta of 1.01. The business has a 50-day moving average of $161.33 and a two-hundred day moving average of $176.93. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter in the prior year, the business earned $1.89 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.54%. Alphabet’s dividend payout ratio (DPR) is presently 9.36%.

Analysts Set New Price Targets

Several brokerages recently commented on GOOG. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. KeyCorp reduced their target price on Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Citigroup reiterated a “sell” rating on shares of Alphabet in a report on Wednesday, April 23rd. Benchmark reissued a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.94.

Alphabet 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.