Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Trust Co. of Toledo NA OH


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Trust Co. of Toledo NA OH lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,441 shares of the information services provider’s stock after purchasing an additional 13 shares during the period. Trust Co. of Toledo NA OH’s holdings in Alphabet were worth $2,981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Resolute Partners Group purchased a new position in Alphabet during the 4th quarter valued at about $26,000. ADE LLC purchased a new position in Alphabet during the 4th quarter valued at about $32,000. Clearview Wealth Advisors LLC purchased a new position in Alphabet during the 4th quarter valued at about $44,000. Clear Perspectives Financial Planning LLC purchased a new position in Alphabet during the 4th quarter valued at about $44,000. Finally, Flagship Private Wealth LLC purchased a new position in Alphabet during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 31.94% of the company’s stock.

GOOG stock traded up $12.44 during midday trading on Thursday, reaching $2,262.12. 37,864 shares of the company’s stock traded hands, compared to its average volume of 1,599,775. The company has a market capitalization of $1.52 trillion, a P/E ratio of 43.84, a PEG ratio of 1.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39. Alphabet Inc. has a fifty-two week low of $1,187.60 and a fifty-two week high of $2,255.00. The business has a 50-day moving average price of $2,078.40 and a two-hundred day moving average price of $1,819.99.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share for the quarter, beating analysts’ consensus estimates of $15.91 by $6.39. The firm had revenue of $56.90 billion for the quarter, compared to analysts’ expectations of $52.86 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. Alphabet’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $15.35 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

Several research firms have weighed in on GOOG. Wedbush raised their target price on shares of Alphabet from $2,150.00 to $2,470.00 and gave the company an “outperform” rating in a report on Wednesday, February 3rd. Mizuho lifted their price target on shares of Alphabet from $2,100.00 to $2,350.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Cowen lifted their price target on shares of Alphabet from $2,200.00 to $2,400.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $2,493.00 price target for the company in a report on Wednesday. Finally, Wolfe Research assumed coverage on shares of Alphabet in a report on Wednesday, March 31st. They set an “outperform” rating and a $2,450.00 price target for the company. One equities research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $2,244.11.

In related news, CAO Amie Thuener O’toole sold 30 shares of Alphabet stock in a transaction on Monday, April 5th. The shares were sold at an average price of $2,152.94, for a total value of $64,588.20. Following the completion of the sale, the chief accounting officer now owns 966 shares in the company, valued at $2,079,740.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Prabhakar Raghavan sold 2,524 shares of Alphabet stock in a transaction on Monday, April 5th. The stock was sold at an average price of $2,152.94, for a total transaction of $5,434,020.56. Following the completion of the sale, the senior vice president now owns 2 shares of the company’s stock, valued at approximately $4,305.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,034 shares of company stock worth $28,870,417. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

Further Reading: What is a Real Estate Investment Trust (REIT)?

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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