JTC Employer Solutions Trustee Ltd Has $10.40 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

JTC Employer Solutions Trustee Ltd grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,008 shares of the information services provider's stock after purchasing an additional 10,220 shares during the quarter. Alphabet makes up approximately 0.7% of JTC Employer Solutions Trustee Ltd's holdings, making the stock its 17th biggest holding. JTC Employer Solutions Trustee Ltd's holdings in Alphabet were worth $10,399,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GOOG. Sunburst Financial Group LLC grew its position in shares of Alphabet by 2.1% during the 3rd quarter. Sunburst Financial Group LLC now owns 2,959 shares of the information services provider's stock valued at $495,000 after buying an additional 60 shares during the last quarter. Johnson Financial Group LLC grew its holdings in shares of Alphabet by 2.6% during the third quarter. Johnson Financial Group LLC now owns 2,360 shares of the information services provider's stock valued at $395,000 after purchasing an additional 60 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of Alphabet by 0.7% during the 4th quarter. Fortitude Family Office LLC now owns 8,323 shares of the information services provider's stock worth $1,585,000 after purchasing an additional 60 shares during the period. Phillips Financial Management LLC boosted its position in Alphabet by 1.6% during the 3rd quarter. Phillips Financial Management LLC now owns 3,852 shares of the information services provider's stock valued at $644,000 after purchasing an additional 61 shares during the period. Finally, Goodman Advisory Group LLC boosted its position in Alphabet by 2.3% during the 3rd quarter. Goodman Advisory Group LLC now owns 2,674 shares of the information services provider's stock valued at $447,000 after purchasing an additional 61 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 0.5 %

Shares of NASDAQ:GOOG traded down $0.88 during mid-day trading on Monday, hitting $192.29. The stock had a trading volume of 13,150,609 shares, compared to its average volume of 16,443,883. The company's 50 day moving average is $184.12 and its 200-day moving average is $174.45. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $2.35 trillion, a PE ratio of 25.50, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $86.39 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The company's revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts predict that Alphabet Inc. will post 8.02 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet's dividend payout ratio (DPR) is presently 10.61%.

Analyst Ratings Changes

Several brokerages have weighed in on GOOG. Citigroup lifted their target price on Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Scotiabank assumed coverage on shares of Alphabet in a research report on Friday, October 11th. They issued a "sector outperform" rating and a $212.00 target price for the company. Jefferies Financial Group boosted their price target on shares of Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Finally, UBS Group boosted their target price on Alphabet from $187.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $200.56.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now directly owns 282,832 shares of the company's stock, valued at $52,329,576.64. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company's stock, valued at approximately $350,361,837.80. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 154,387 shares of company stock worth $27,748,931 in the last 90 days. Company insiders own 12.99% of the company's stock.

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.