Alphabet Inc. (NASDAQ:GOOGL) is Glenview Trust co's 10th Largest Position

Glenview Trust co raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 622,750 shares of the information services provider's stock after buying an additional 18,212 shares during the period. Alphabet accounts for about 2.2% of Glenview Trust co's portfolio, making the stock its 10th largest holding. Glenview Trust co's holdings in Alphabet were worth $117,887,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Compass Planning Associates Inc acquired a new stake in Alphabet in the fourth quarter valued at $30,000. LMR Partners LLP bought a new stake in shares of Alphabet in the 3rd quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in Alphabet during the fourth quarter worth about $39,000. Finally, PayPay Securities Corp grew its holdings in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the period. 40.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total transaction of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares of the company's stock, valued at $8,181,333.08. The trade was a 19.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,103 shares of company stock worth $16,115,139. Corporate insiders own 11.55% of the company's stock.

Remove Ads

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. DZ Bank cut Alphabet from a "buy" rating to a "hold" rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $205.00 price target on shares of Alphabet in a report on Wednesday, March 19th. Roth Mkm reaffirmed a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. DA Davidson increased their price objective on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, January 24th. Finally, Bank of America reaffirmed a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $209.49.

Alphabet Trading Up 0.2 %

Shares of GOOGL stock traded up $0.31 on Monday, hitting $154.64. The company had a trading volume of 54,553,702 shares, compared to its average volume of 27,385,685. The stock's 50-day moving average is $178.83 and its two-hundred day moving average is $177.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $1.89 trillion, a P/E ratio of 19.21, a P/E/G ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a twelve month low of $147.22 and a twelve month high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet's payout ratio is 9.94%.

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.