Cetera Trust Company N.A Takes $3.23 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Cetera Trust Company N.A purchased a new position in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,118 shares of the information services provider’s stock, valued at approximately $3,229,000. Alphabet comprises about 2.0% of Cetera Trust Company N.A’s holdings, making the stock its 8th biggest position.

Several other institutional investors also recently added to or reduced their stakes in GOOGL. Aire Advisors LLC raised its holdings in shares of Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after buying an additional 68 shares in the last quarter. Defined Wealth Management LLC raised its stake in shares of Alphabet by 2.9% during the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after acquiring an additional 71 shares in the last quarter. WealthCare Investment Partners LLC lifted its holdings in shares of Alphabet by 2.1% in the 4th quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after acquiring an additional 71 shares during the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Alphabet by 0.4% in the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock valued at $2,331,000 after purchasing an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC grew its holdings in shares of Alphabet by 1.0% during the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the sale, the chief executive officer now directly owns 2,377,691 shares of the company’s stock, valued at $347,832,416.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,209 shares of company stock worth $36,711,144. 0.88% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GOOGL shares. Wedbush boosted their price target on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday. TD Cowen increased their target price on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Friday. JMP Securities lifted their price target on Alphabet from $160.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday. Raymond James boosted their price objective on Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Needham & Company LLC raised their target price on shares of Alphabet from $160.00 to $210.00 and gave the stock a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.44.

Alphabet Price Performance

Shares of GOOGL opened at $166.15 on Tuesday. The firm has a market cap of $2.07 trillion, a PE ratio of 25.48, a P/E/G ratio of 1.57 and a beta of 1.05. Alphabet Inc. has a 1-year low of $103.71 and a 1-year high of $174.71. The company has a current ratio of 2.15, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $148.36 and a two-hundred day simple moving average of $141.62.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. During the same period last year, the firm posted $1.17 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 6.82 EPS for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

About Alphabet

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.