Trust Co of Kansas Sells 618 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Trust Co of Kansas lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,035 shares of the information services provider’s stock after selling 618 shares during the period. Alphabet comprises approximately 4.5% of Trust Co of Kansas’ investment portfolio, making the stock its 7th biggest position. Trust Co of Kansas’ holdings in Alphabet were worth $9,472,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GOOGL. Lantz Financial LLC boosted its holdings in Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after buying an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in shares of Alphabet in the second quarter valued at approximately $218,000. Triasima Portfolio Management inc. boosted its stake in shares of Alphabet by 30.8% in the second quarter. Triasima Portfolio Management inc. now owns 36,108 shares of the information services provider’s stock worth $6,577,000 after acquiring an additional 8,511 shares during the last quarter. Wilkinson Global Asset Management LLC increased its position in shares of Alphabet by 7.2% during the second quarter. Wilkinson Global Asset Management LLC now owns 5,197 shares of the information services provider’s stock worth $947,000 after purchasing an additional 350 shares in the last quarter. Finally, Waddell & Associates LLC raised its stake in Alphabet by 2.2% in the 2nd quarter. Waddell & Associates LLC now owns 6,497 shares of the information services provider’s stock valued at $1,183,000 after purchasing an additional 137 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the sale, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 in the last quarter. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GOOGL shares. Tigress Financial increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Bank of America reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Nine equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $208.15.

Alphabet Trading Up 1.6 %

NASDAQ GOOGL opened at $196.00 on Tuesday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The firm has a 50-day moving average price of $184.43 and a 200 day moving average price of $173.25. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 25.99, a P/E/G ratio of 1.22 and a beta of 0.98. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. Equities research analysts expect that Alphabet Inc. will post 8.03 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

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.