Trinity Financial Advisors LLC Buys Shares of 3,590 Alphabet Inc. (NASDAQ:GOOGL)

Trinity Financial Advisors LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,590 shares of the information services provider’s stock, valued at approximately $343,000.

A number of other large investors have also recently bought and sold shares of GOOGL. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Alphabet by 1,884.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,922,978 shares of the information services provider’s stock valued at $1,714,333,000 after buying an additional 17,019,726 shares during the last quarter. Fiera Capital Corp boosted its holdings in Alphabet by 1,957.3% in the second quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock valued at $1,945,783,000 after acquiring an additional 16,989,271 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Alphabet by 1,830.2% during the 3rd quarter. Nordea Investment Management AB now owns 16,487,668 shares of the information services provider’s stock worth $1,605,074,000 after purchasing an additional 15,633,495 shares during the period. Mackenzie Financial Corp increased its position in shares of Alphabet by 1,876.5% in the third quarter. Mackenzie Financial Corp now owns 7,170,066 shares of the information services provider’s stock worth $685,817,000 after acquiring an additional 6,807,300 shares in the last quarter. Finally, Bishop Rock Capital L.P. raised its position in Alphabet by 95,776.8% in the second quarter. Bishop Rock Capital L.P. now owns 5,500,452 shares of the information services provider’s stock valued at $2,524,000 after purchasing an additional 5,494,715 shares during the period. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. New Street Research assumed coverage on Alphabet in a research note on Wednesday, January 4th. They set a “buy” rating and a $118.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Alphabet from $160.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Truist Financial lowered their target price on Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Credit Suisse Group lowered their target price on Alphabet from $134.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Rosenblatt Securities decreased their price objective on Alphabet from $156.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the transaction, the chief accounting officer now directly owns 24,694 shares of the company’s stock, valued at $2,243,449.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total transaction of $77,676.75. Following the transaction, the chief accounting officer now directly owns 24,694 shares of the company’s stock, valued at $2,243,449.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares in the company, valued at $6,872,965.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $92.12 on Monday. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55. The stock has a market cap of $1.19 trillion, a PE ratio of 18.29, a PEG ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The firm’s 50 day moving average price is $92.82 and its two-hundred day moving average price is $102.19.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business had revenue of $57.27 billion during the quarter, compared to the consensus estimate of $58.36 billion. During the same period in the previous year, the business posted $1.40 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

About Alphabet

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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