Cambridge Trust Co. Has $7.52 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Cambridge Trust Co. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 84,782 shares of the information services provider’s stock after selling 2,427 shares during the period. Cambridge Trust Co.’s holdings in Alphabet were worth $7,522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Totem Point Management LLC lifted its position in Alphabet by 22.0% in the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after acquiring an additional 571 shares in the last quarter. Somerville Kurt F increased its stake in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares during the last quarter. BCK Partners Inc. acquired a new position in shares of Alphabet during the 1st quarter worth about $2,564,000. Hall Capital Management Co. Inc. increased its stake in shares of Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. increased its stake in shares of Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. Raymond James boosted their price objective on shares of Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. The Goldman Sachs Group set a $128.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. Sanford C. Bernstein set a $130.00 price objective on shares of Alphabet in a research note on Monday, February 6th. Royal Bank of Canada set a $130.00 price target on shares of Alphabet in a research note on Friday, February 3rd. Finally, Roth Capital reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $135.11.

Alphabet Stock Performance

NASDAQ GOOG opened at $102.46 on Friday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.31 trillion, a P/E ratio of 22.51, a P/E/G ratio of 1.33 and a beta of 1.09. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The firm has a 50-day moving average price of $95.69 and a two-hundred day moving average price of $96.73.

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

Insider Transactions at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder 2021 Gp L.L.C. Gv purchased 415,000 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now owns 1,709,527 shares in the company, valued at approximately $50,072,045.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the sale, the director now directly owns 144,740 shares of the company’s stock, valued at approximately $14,474,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,245 shares of company stock valued at $7,174,078. Company insiders own 12.99% of the company’s stock.

Alphabet 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.