Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 3.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,521 shares of the information services provider’s stock after selling 428 shares during the period. Trust Co. of Oklahoma’s holdings in Alphabet were worth $2,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ninepoint Partners LP raised its holdings in shares of Alphabet by 7.4% during the second quarter. Ninepoint Partners LP now owns 7,423 shares of the information services provider’s stock valued at $1,362,000 after acquiring an additional 514 shares during the period. Texas Capital Bancshares Inc TX purchased a new position in Alphabet during the 2nd quarter worth approximately $306,000. Kathmere Capital Management LLC raised its stake in Alphabet by 19.4% during the 2nd quarter. Kathmere Capital Management LLC now owns 18,531 shares of the information services provider’s stock valued at $3,399,000 after purchasing an additional 3,010 shares during the period. Empirical Capital Management LLC lifted its holdings in shares of Alphabet by 244.8% in the second quarter. Empirical Capital Management LLC now owns 100,000 shares of the information services provider’s stock valued at $18,342,000 after purchasing an additional 71,000 shares in the last quarter. Finally, Rockport Wealth LLC boosted its position in shares of Alphabet by 134.0% in the second quarter. Rockport Wealth LLC now owns 4,365 shares of the information services provider’s stock worth $801,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Up 1.2 %

Alphabet stock opened at $201.90 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The firm has a fifty day moving average price of $187.95 and a two-hundred day moving average price of $175.31. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. As a group, analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.40%. Alphabet’s dividend payout ratio is 10.61%.

Analysts Set New Price Targets

GOOG has been the subject of several research analyst reports. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. UBS Group boosted their price objective on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Citigroup boosted their price target on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $205.13.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the sale, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is owned by company insiders.

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.