Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO raised its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,629 shares of the information services provider’s stock after purchasing an additional 1,454 shares during the quarter. Alphabet comprises 1.9% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 11th biggest position. Indiana Trust & Investment Management CO’s holdings in Alphabet were worth $3,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOGL. IAG Wealth Partners LLC boosted its holdings in Alphabet by 3,275.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after acquiring an additional 266 shares during the last quarter. Laurel Wealth Planning LLC lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the last quarter. Coston McIsaac & Partners lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after acquiring an additional 304 shares during the last quarter. Finally, Horizons Wealth Management acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $33,000. 34.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares in the company, valued at approximately $2,289,870.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the completion of the sale, the director now owns 11,300 shares in the company, valued at approximately $1,008,412. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,245 shares of company stock valued at $7,174,078. Insiders own 11.44% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. New Street Research initiated coverage on shares of Alphabet in a report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Alphabet from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Tigress Financial reduced their target price on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Finally, Rosenblatt Securities reduced their target price on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Four 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.44.

Alphabet Trading Up 1.3 %

NASDAQ GOOGL opened at $101.62 on Friday. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79. 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 company has a market capitalization of $1.30 trillion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. The firm’s fifty day moving average price is $95.08 and its 200 day moving average price is $96.18.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its quarterly earnings data 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). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $63.15 billion. During the same period in the previous year, the business posted $1.53 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

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.