Alphabet Inc. (NASDAQ:GOOG) is Whittier Trust Co. of Nevada Inc.’s 6th Largest Position

Whittier Trust Co. of Nevada Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,422 shares of the information services provider’s stock after purchasing an additional 30,775 shares during the quarter. Alphabet accounts for 3.0% 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 $122,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. HUB Investment Partners LLC increased its holdings in shares of Alphabet by 1.2% in the 4th quarter. HUB Investment Partners LLC now owns 43,792 shares of the information services provider’s stock valued at $8,340,000 after purchasing an additional 507 shares in the last quarter. BluePointe Capital Management LLC increased its holdings in shares of Alphabet by 12.2% in the 4th quarter. BluePointe Capital Management LLC now owns 5,312 shares of the information services provider’s stock valued at $1,012,000 after purchasing an additional 579 shares in the last quarter. Condor Capital Management increased its holdings in shares of Alphabet by 0.5% in the 4th quarter. Condor Capital Management now owns 17,669 shares of the information services provider’s stock valued at $3,365,000 after purchasing an additional 82 shares in the last quarter. Symmetry Partners LLC increased its holdings in Alphabet by 392.8% during the 4th quarter. Symmetry Partners LLC now owns 10,181 shares of the information services provider’s stock valued at $1,939,000 after acquiring an additional 8,115 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in Alphabet during the fourth quarter worth about $822,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $165.05 on Friday. Alphabet Inc. has a 1 year low of $148.01 and a 1 year high of $208.70. The firm has a 50 day moving average price of $184.91 and a 200 day moving average price of $177.93. The company has a market cap of $2.01 trillion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet’s payout ratio is 9.94%.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % 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 1,374 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $173.47, for a total transaction of $238,347.78. Following the sale, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. This represents a 8.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,048 shares of company stock worth $17,374,274. 12.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research reports. Benchmark restated a “negative” rating on shares of Alphabet in a research report on Wednesday, February 5th. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research report on Wednesday. Oppenheimer lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Wedbush restated an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $209.13.

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.