Diversified Trust Co Has $22.18 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Diversified Trust Co raised its position in Alphabet Inc. (NASDAQ:GOOG) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,457 shares of the information services provider’s stock after purchasing an additional 2,959 shares during the quarter. Alphabet accounts for approximately 0.5% of Diversified Trust Co’s holdings, making the stock its 27th largest holding. Diversified Trust Co’s holdings in Alphabet were worth $22,178,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blue Barn Wealth LLC grew its stake in shares of Alphabet by 3.1% in the second quarter. Blue Barn Wealth LLC now owns 6,253 shares of the information services provider’s stock valued at $1,147,000 after buying an additional 187 shares in the last quarter. Slocum Gordon & Co LLP acquired a new position in shares of Alphabet during the 2nd quarter worth about $44,000. Synergy Asset Management LLC bought a new stake in shares of Alphabet in the 2nd quarter valued at about $202,000. Northwest Wealth Management LLC grew its holdings in Alphabet by 1.8% during the second quarter. Northwest Wealth Management LLC now owns 5,642 shares of the information services provider’s stock worth $1,035,000 after purchasing an additional 100 shares during the period. Finally, Private Advisor Group LLC increased its position in Alphabet by 4.5% during the second quarter. Private Advisor Group LLC now owns 435,426 shares of the information services provider’s stock worth $79,866,000 after buying an additional 18,721 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GOOG. UBS Group lifted their target price on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. DA Davidson raised shares of Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group boosted their price objective on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $200.56.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the transaction, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,887 shares of company stock valued at $27,996,356. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ GOOG traded up $1.07 during trading hours on Tuesday, hitting $199.03. 6,661,713 shares of the stock were exchanged, compared to its average volume of 14,040,259. The company’s fifty day simple moving average is $182.36 and its two-hundred day simple moving average is $174.11. The company has a market cap of $2.44 trillion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $202.88.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

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.