First National Bank of Mount Dora Trust Investment Services Has $1.75 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

First National Bank of Mount Dora Trust Investment Services lifted its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 10.6% during the 4th quarter, HoldingsChannel reports. The fund owned 19,697 shares of the information services provider’s stock after buying an additional 1,885 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Alphabet were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Walled Lake Planning & Wealth Management LLC grew its stake in shares of Alphabet by 1,900.0% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock worth $3,281,000 after acquiring an additional 32,414 shares during the last quarter. Grand Jean Capital Management Inc. lifted its position in Alphabet by 1,926.2% in the third quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock worth $13,186,000 after purchasing an additional 130,367 shares during the period. Connecticut Wealth Management LLC lifted its position in Alphabet by 1,415.4% in the third quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock worth $803,000 after purchasing an additional 7,799 shares during the period. Clarity Financial LLC lifted its position in Alphabet by 2,118.6% in the third quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock worth $5,935,000 after purchasing an additional 58,940 shares during the period. Finally, Element Wealth LLC lifted its position in Alphabet by 2,245.1% in the third quarter. Element Wealth LLC now owns 2,861 shares of the information services provider’s stock worth $275,000 after purchasing an additional 2,739 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $102.46 on Friday. The firm has a market capitalization of $1.31 trillion, a P/E ratio of 22.51, a PEG ratio of 1.30 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $144.16. The business has a 50-day moving average of $95.69 and a 200-day moving average of $96.82. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion for the quarter, compared to analyst estimates of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. Alphabet’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 5.12 EPS for the current year.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. Sanford C. Bernstein set a $130.00 target price on Alphabet in a research report on Monday, February 6th. Credit Suisse Group set a $136.00 price objective on Alphabet in a report on Friday, February 3rd. Raymond James lifted their price objective on Alphabet from $116.00 to $119.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. Bank of America lifted their price objective on Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a report on Tuesday, January 31st. Finally, Oppenheimer lifted their price objective on Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, February 3rd. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.13.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were purchased at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now owns 41,970 shares in the company, valued at approximately $4,197,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,245 shares of company stock worth $7,174,078. 12.99% of the stock is currently owned by company insiders.

Alphabet Profile

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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.