Private Trust Co. NA Buys 241 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Private Trust Co. NA increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,472 shares of the information services provider’s stock after buying an additional 241 shares during the period. Alphabet accounts for approximately 1.2% of Private Trust Co. NA’s holdings, making the stock its 6th biggest holding. Private Trust Co. NA’s holdings in Alphabet were worth $9,984,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ballast Advisors LLC lifted its position in Alphabet by 9.6% during the 3rd quarter. Ballast Advisors LLC now owns 15,747 shares of the information services provider’s stock valued at $2,061,000 after purchasing an additional 1,385 shares during the period. Quantum Financial Advisors LLC lifted its position in Alphabet by 8.0% during the 3rd quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock valued at $998,000 after purchasing an additional 564 shares during the period. Acadian Asset Management LLC lifted its position in Alphabet by 2.4% during the 3rd quarter. Acadian Asset Management LLC now owns 4,416,533 shares of the information services provider’s stock valued at $577,908,000 after purchasing an additional 104,366 shares during the period. NatWest Group plc lifted its position in Alphabet by 239.0% during the 4th quarter. NatWest Group plc now owns 100,793 shares of the information services provider’s stock valued at $14,080,000 after purchasing an additional 71,057 shares during the period. Finally, Hartford Funds Management Co LLC lifted its position in Alphabet by 7.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 25,486 shares of the information services provider’s stock valued at $3,335,000 after purchasing an additional 1,786 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 0.3 %

NASDAQ GOOGL opened at $156.14 on Thursday. The company has a market cap of $1.94 trillion, a PE ratio of 26.92, a PEG ratio of 1.43 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $158.56. The stock has a 50 day moving average of $144.65 and a 200-day moving average of $139.39.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on GOOGL. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Alphabet in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Susquehanna upped their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Mizuho upped their price target on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Finally, Rosenblatt Securities lowered their price target on Alphabet from $174.00 to $172.00 and set a “buy” rating for the company in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.61.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $142.14, for a total value of $3,198,150.00. Following the sale, the chief executive officer now directly owns 2,400,191 shares of the company’s stock, valued at approximately $341,163,148.74. The disclosure for this sale can be found here. Insiders sold 250,539 shares of company stock valued at $35,906,259 in the last quarter. 0.88% of the stock is currently owned by insiders.

About Alphabet

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