Davidson Trust Co. Has $1.07 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Davidson Trust Co. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,640 shares of the information services provider’s stock after buying an additional 420 shares during the period. Davidson Trust Co.’s holdings in Alphabet were worth $1,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOGL. FMR LLC lifted its position in shares of Alphabet by 5.6% during the 3rd quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock worth $29,746,764,000 after purchasing an additional 12,070,681 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Alphabet by 4,894.1% during the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock worth $7,606,670,000 after purchasing an additional 5,336,359 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $634,465,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Alphabet during the 3rd quarter worth about $601,545,000. Finally, Lone Pine Capital LLC acquired a new position in shares of Alphabet during the 3rd quarter worth about $407,367,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. KeyCorp boosted their price target on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Wedbush boosted their price target on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday. UBS Group boosted their price target on Alphabet from $150.00 to $166.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Raymond James boosted their price target on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Oppenheimer boosted their price target on Alphabet from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong 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 price target of $187.82.

Alphabet Stock Performance

GOOGL stock opened at $171.95 on Friday. The business’s fifty day moving average is $147.85 and its 200-day moving average is $141.42. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The company has a market cap of $2.14 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a twelve month low of $103.54 and a twelve month high of $174.71.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. During the same quarter in the prior year, the business posted $1.05 EPS. Equities research analysts forecast that Alphabet Inc. will post 6.79 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity

In related news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the sale, the director now owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Insiders have sold a total of 253,439 shares of company stock valued at $36,746,578 in the last 90 days. 0.88% of the stock is owned by company insiders.

Alphabet Company 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.