Whittier Trust Co. of Nevada Inc. Has $102.43 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 612,647 shares of the information services provider's stock after acquiring an additional 9,769 shares during the quarter. Alphabet accounts for approximately 2.6% of Whittier Trust Co. of Nevada Inc.'s investment portfolio, making the stock its 6th largest position. Whittier Trust Co. of Nevada Inc.'s holdings in Alphabet were worth $102,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Capital International Investors boosted its stake in shares of Alphabet by 9.3% during the first quarter. Capital International Investors now owns 87,716,562 shares of the information services provider's stock valued at $13,355,724,000 after purchasing an additional 7,470,042 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Alphabet by 19.7% during the 1st quarter. JPMorgan Chase & Co. now owns 84,171,721 shares of the information services provider's stock worth $12,815,986,000 after buying an additional 13,876,534 shares during the period. Capital World Investors grew its holdings in Alphabet by 2.2% during the 1st quarter. Capital World Investors now owns 45,731,826 shares of the information services provider's stock worth $6,963,128,000 after acquiring an additional 979,083 shares during the last quarter. Capital Research Global Investors increased its position in Alphabet by 2.0% in the 1st quarter. Capital Research Global Investors now owns 35,558,778 shares of the information services provider's stock valued at $5,414,179,000 after acquiring an additional 684,968 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Alphabet by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 14,657,421 shares of the information services provider's stock valued at $2,688,743,000 after acquiring an additional 636,008 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.6 %

NASDAQ:GOOG traded up $1.02 on Tuesday, hitting $166.82. The stock had a trading volume of 11,952,060 shares, compared to its average volume of 19,536,104. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31. The business's fifty day moving average is $163.23 and its 200 day moving average is $169.96. The company has a market cap of $2.06 trillion, a PE ratio of 25.59, a P/E/G ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to analysts' expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. Alphabet's quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. On average, equities research analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on GOOG shares. DA Davidson raised shares of Alphabet to a "hold" rating in a research note on Tuesday, September 10th. Wolfe Research raised Alphabet to a "strong-buy" rating in a research note on Tuesday, July 16th. UBS Group cut their price objective on Alphabet from $204.00 to $187.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th. Oppenheimer decreased their target price on shares of Alphabet from $210.00 to $185.00 and set an "outperform" rating for the company in a research report on Wednesday, September 25th. Finally, Pivotal Research began coverage on shares of Alphabet in a report on Tuesday, October 1st. They issued a "buy" rating and a $215.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $186.90.

Insider Buying and Selling at Alphabet

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 12.99% of the company's stock.

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.