Trinity Financial Advisors LLC Has $893,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

Trinity Financial Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,717 shares of the information services provider’s stock after buying an additional 271 shares during the period. Trinity Financial Advisors LLC’s holdings in Alphabet were worth $893,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Mainsail Financial Group LLC raised its stake in shares of Alphabet by 2.0% in the 1st quarter. Mainsail Financial Group LLC now owns 9,672 shares of the information services provider’s stock valued at $1,511,000 after acquiring an additional 193 shares in the last quarter. Focus Financial Network Inc. raised its position in shares of Alphabet by 3.7% in the first quarter. Focus Financial Network Inc. now owns 21,376 shares of the information services provider’s stock valued at $3,340,000 after purchasing an additional 760 shares during the period. Ellenbecker Investment Group raised its position in shares of Alphabet by 12.4% in the first quarter. Ellenbecker Investment Group now owns 4,374 shares of the information services provider’s stock valued at $683,000 after purchasing an additional 481 shares during the period. Rowlandmiller & PARTNERS.ADV lifted its stake in shares of Alphabet by 3.3% in the first quarter. Rowlandmiller & PARTNERS.ADV now owns 85,350 shares of the information services provider’s stock worth $13,334,000 after buying an additional 2,746 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Alphabet by 6.6% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 5,408 shares of the information services provider’s stock worth $845,000 after buying an additional 335 shares during the period. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent analyst reports. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research report on Friday, May 2nd. Citigroup reissued a “sell” rating on shares of Alphabet in a research report on Wednesday, April 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $171.00 target price on shares of Alphabet in a research note on Friday, April 25th. Finally, KeyCorp dropped their price target on Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $204.88.

Alphabet Trading Up 1.3%

Shares of Alphabet stock opened at $180.01 on Wednesday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The firm has a market capitalization of $2.18 trillion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company’s fifty day moving average price is $162.80 and its two-hundred day moving average price is $176.20.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio is currently 9.36%.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 673 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at approximately $2,377,014.99. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 195,770 shares of company stock valued at $32,036,638. Corporate insiders own 12.99% of the company’s stock.

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.