Arlington Trust Co LLC Acquires 1,581 Shares of Alphabet Inc. $GOOG

Arlington Trust Co LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,067 shares of the information services provider's stock after buying an additional 1,581 shares during the period. Alphabet accounts for 0.6% of Arlington Trust Co LLC's investment portfolio, making the stock its 24th biggest position. Arlington Trust Co LLC's holdings in Alphabet were worth $3,205,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Principia Wealth Advisory LLC lifted its holdings in Alphabet by 111.8% during the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after purchasing an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet during the first quarter valued at about $26,000. Goodman Advisory Group LLC purchased a new stake in shares of Alphabet in the first quarter worth about $32,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Alphabet in the first quarter valued at approximately $32,000. Finally, Elevate Wealth Advisory Inc. purchased a new position in Alphabet during the first quarter valued at approximately $34,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the sale, the chief executive officer owned 2,429,892 shares of the company's stock, valued at approximately $558,219,089.16. The trade was a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at $8,371,905.30. This represents a 35.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 254,710 shares of company stock worth $49,208,380. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

Alphabet stock opened at $251.76 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.04 trillion, a P/E ratio of 26.81, a P/E/G ratio of 1.62 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $252.75. The firm has a 50-day moving average of $204.16 and a 200-day moving average of $179.48.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the previous year, the business earned $1.89 EPS. Alphabet's revenue was up 13.8% compared to the same quarter last year. Sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company reiterated an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on Alphabet from $232.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. The Goldman Sachs Group restated a "buy" rating and set a $220.00 target price on shares of Alphabet in a research report on Monday, June 2nd. Cowen restated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, UBS Group boosted their price objective on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Four research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $227.56.

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.

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