Free Trial

Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Members Trust Co

Alphabet logo with Computer and Technology background

Members Trust Co boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 84.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,999 shares of the information services provider's stock after purchasing an additional 2,292 shares during the period. Members Trust Co's holdings in Alphabet were worth $781,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GOOG. LSV Asset Management acquired a new stake in Alphabet in the fourth quarter valued at approximately $27,000. Principia Wealth Advisory LLC boosted its stake in Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after acquiring an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in Alphabet in the first quarter valued at approximately $26,000. WealthTrak Capital Management LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet in the fourth quarter valued at approximately $39,000. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the sale, the director directly owned 261,966 shares of the company's stock, valued at approximately $45,844,050. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the completion of the transaction, the director owned 6,813 shares in the company, valued at approximately $1,192,275. The trade was a 8.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 215,843 shares of company stock worth $37,288,490. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOG traded up $0.93 during trading hours on Thursday, hitting $184.70. 21,615,710 shares of the company's stock traded hands, compared to its average volume of 21,546,002. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company has a market capitalization of $2.24 trillion, a PE ratio of 20.59, a PEG ratio of 1.28 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The firm's 50-day moving average is $172.81 and its 200-day moving average is $174.80.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. Alphabet's revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. Equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued 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 0.45%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is currently 9.36%.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 25th. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, July 9th. Raymond James Financial reissued an "outperform" rating on shares of Alphabet in a report on Wednesday, July 9th. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a report on Friday, April 25th. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have given a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $208.40.

Read Our Latest Analysis on Alphabet

Alphabet Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Should You Invest $1,000 in Alphabet Right Now?

Before you consider Alphabet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.

While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Summer 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Magnificent 7 Stocks Shift Toward Stability and Selective Growth
3 Tech Stocks to Buy Now—And 3 You’ll Regret Keeping

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines