Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,397 shares of the information services provider’s stock after selling 5,507 shares during the period. Trust Co. of Toledo NA OH’s holdings in Alphabet were worth $4,535,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bartlett & Co. LLC raised its holdings in Alphabet by 1.9% in the 4th quarter. Bartlett & Co. LLC now owns 423,730 shares of the information services provider’s stock valued at $37,385,000 after acquiring an additional 7,857 shares during the last quarter. Norman Fields Gottscho Capital Management LLC raised its holdings in Alphabet by 0.4% in the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 33,311 shares of the information services provider’s stock valued at $2,939,000 after acquiring an additional 132 shares during the last quarter. Red Spruce Capital LLC raised its holdings in Alphabet by 4.0% in the 4th quarter. Red Spruce Capital LLC now owns 77,208 shares of the information services provider’s stock valued at $6,812,000 after acquiring an additional 2,972 shares during the last quarter. LVM Capital Management Ltd. MI raised its holdings in Alphabet by 1.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 134,150 shares of the information services provider’s stock valued at $11,836,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Somerset Trust Co raised its holdings in Alphabet by 8.8% in the 4th quarter. Somerset Trust Co now owns 5,317 shares of the information services provider’s stock valued at $469,000 after acquiring an additional 428 shares during the last quarter. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GOOGL. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price target on shares of Alphabet in a report on Wednesday, March 8th. JMP Securities reiterated a “market outperform” rating and issued a $132.00 price target on shares of Alphabet in a report on Thursday. Evercore ISI dropped their price objective on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, December 21st. New Street Research began coverage on Alphabet in a report on Wednesday, January 4th. They set a “buy” rating and a $118.00 price objective for the company. Finally, StockNews.com began coverage on Alphabet in a report on Thursday. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.44.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 380 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at $1,008,412. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ann Mather sold 380 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the sale, the director now owns 11,300 shares in the company, valued at $1,008,412. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,245 shares of company stock valued at $7,174,078. Insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $101.62 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. The firm has a 50-day moving average of $95.08 and a two-hundred day moving average of $96.27. The stock has a market cap of $1.30 trillion, a P/E ratio of 22.33, a PEG ratio of 1.30 and a beta of 1.09. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $143.79.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $63.15 billion. During the same period in the previous year, the business posted $1.53 EPS. On average, research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Alphabet Company Profile

(Get Rating)

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.