Enterprise Bank & Trust Co Grows Position in Alphabet Inc. (NASDAQ:GOOG)

Enterprise Bank & Trust Co boosted its stake in Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,211 shares of the information services provider’s stock after buying an additional 84 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Alphabet were worth $2,426,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. Financial Advisors Network Inc. increased its position in shares of Alphabet by 4.5% during the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock valued at $450,000 after purchasing an additional 7 shares during the last quarter. Turim 21 Investimentos Ltda. grew its stake in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the period. West Michigan Advisors LLC grew its stake in shares of Alphabet by 3.7% during the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after acquiring an additional 9 shares during the period. Somerville Kurt F grew its stake in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares during the period. Finally, Stonebridge Capital Advisors LLC grew its stake in shares of Alphabet by 1.4% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock worth $3,301,000 after acquiring an additional 16 shares during the period. 27.13% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of GOOG traded down $2.17 during trading hours on Friday, reaching $142.17. 41,039,494 shares of the company’s stock traded hands, compared to its average volume of 23,398,811. The stock has a market cap of $1.77 trillion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm’s 50 day simple moving average is $143.64 and its 200-day simple moving average is $138.63. Alphabet Inc. has a 12 month low of $95.87 and a 12 month high of $155.20.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. Equities analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOG. Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna raised their target price on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $146.33.

Read Our Latest Analysis on GOOG

Insider Activity

In related news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total value of $3,182,175.00. Following the transaction, the chief executive officer now directly owns 2,407,688 shares in the company, valued at $340,519,313.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 279,159 shares of company stock worth $39,220,185. 12.99% of the stock is currently owned by insiders.

Alphabet Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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