Trust Co. of Oklahoma raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,793 shares of the information services provider’s stock after buying an additional 1,386 shares during the period. Alphabet makes up approximately 2.4% of Trust Co. of Oklahoma’s holdings, making the stock its 9th largest holding. Trust Co. of Oklahoma’s holdings in Alphabet were worth $7,533,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in GOOGL. Conrad Siegel Investment Advisors Inc. boosted its holdings in shares of Alphabet by 0.5% in the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider’s stock valued at $1,864,000 after purchasing an additional 53 shares during the last quarter. Denver PWM LLC raised its stake in shares of Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares during the period. Ignite Planners LLC raised its stake in shares of Alphabet by 0.4% in the 4th quarter. Ignite Planners LLC now owns 15,078 shares of the information services provider’s stock valued at $2,892,000 after acquiring an additional 57 shares during the period. Fermata Advisors LLC raised its stake in shares of Alphabet by 0.8% in the 4th quarter. Fermata Advisors LLC now owns 7,433 shares of the information services provider’s stock valued at $1,407,000 after acquiring an additional 57 shares during the period. Finally, Winch Advisory Services LLC raised its stake in shares of Alphabet by 1.3% in the 4th quarter. Winch Advisory Services LLC now owns 4,386 shares of the information services provider’s stock valued at $830,000 after acquiring an additional 58 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on GOOGL shares. Roth Mkm raised their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. China Renaissance raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Wolfe Research lifted their price target on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Nine analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.82.
Insider Activity
In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,887 shares of company stock worth $22,470,464 over the last three months. Corporate insiders own 11.55% of the company’s stock.
Alphabet Trading Up 1.8 %
NASDAQ:GOOGL opened at $195.30 on Wednesday. The stock has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29. The business has a fifty day moving average of $186.79 and a 200-day moving average of $173.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. Equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.
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.
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