First American Trust FSB Has $27.91 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

First American Trust FSB increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,764 shares of the information services provider’s stock after acquiring an additional 8,642 shares during the period. Alphabet makes up approximately 3.5% of First American Trust FSB’s investment portfolio, making the stock its 3rd biggest position. First American Trust FSB’s holdings in Alphabet were worth $27,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% in the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares in the last quarter. Macroview Investment Management LLC lifted its position in shares of Alphabet by 165.8% in the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 199 shares in the last quarter. Armor Investment Advisors LLC lifted its position in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 80 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $55,000. Finally, LFA Lugano Financial Advisors SA lifted its position in Alphabet by 301.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after buying an additional 392 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Citigroup reiterated a “buy” rating and issued a $168.00 target price on shares of Alphabet in a research report on Wednesday, April 10th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a research report on Wednesday, April 10th. Mizuho increased their target price on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. UBS Group increased their price target on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, JMP Securities restated a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. Five analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.71.

Alphabet Stock Performance

Shares of GOOGL opened at $158.26 on Wednesday. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The firm has a fifty day simple moving average of $146.69 and a 200 day simple moving average of $140.93. The stock has a market capitalization of $1.97 trillion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.42 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 (NASDAQ:GOOGL) last announced its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. Research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now owns 28,602 shares of the company’s stock, valued at approximately $3,903,886.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock worth $36,377,482. 0.88% of the stock is owned by insiders.

Alphabet Profile

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.