Blue Trust Inc. Has $7.09 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Blue Trust Inc. raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 31.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,253 shares of the information services provider's stock after purchasing an additional 8,973 shares during the quarter. Blue Trust Inc.'s holdings in Alphabet were worth $7,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GOOG. Weiss Asset Management LP bought a new position in shares of Alphabet in the third quarter worth about $25,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Alphabet during the third quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. raised its holdings in Alphabet by 87.3% during the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider's stock worth $42,000 after purchasing an additional 117 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of Alphabet by 32.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider's stock worth $57,000 after purchasing an additional 84 shares during the last quarter. Finally, Kieckhefer Group LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $76,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Canaccord Genuity Group raised their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday. Jefferies Financial Group increased their price target on Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company increased their price objective on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $205.80.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,887 shares of company stock worth $22,470,464 over the last three months. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of GOOG stock traded up $5.08 during trading hours on Thursday, hitting $202.26. The company's stock had a trading volume of 7,747,870 shares, compared to its average volume of 15,797,256. The company has a 50 day moving average of $189.03 and a 200 day moving average of $175.35. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $203.84. The stock has a market cap of $2.48 trillion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to analysts' expectations of $86.39 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The firm's quarterly revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

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.