Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Diversified Trust Co

Diversified Trust Co raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,027 shares of the information services provider's stock after buying an additional 5,892 shares during the period. Alphabet comprises approximately 1.2% of Diversified Trust Co's investment portfolio, making the stock its 17th biggest position. Diversified Trust Co's holdings in Alphabet were worth $47,169,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Beacon Financial Advisory LLC grew its holdings in shares of Alphabet by 8.4% in the first quarter. Beacon Financial Advisory LLC now owns 10,150 shares of the information services provider's stock worth $1,570,000 after purchasing an additional 790 shares during the last quarter. Board of the Pension Protection Fund purchased a new stake in Alphabet in the 1st quarter valued at about $93,000. TFC Financial Management Inc. grew its stake in Alphabet by 13.1% in the 1st quarter. TFC Financial Management Inc. now owns 8,919 shares of the information services provider's stock worth $1,379,000 after acquiring an additional 1,031 shares in the last quarter. Tanager Wealth Management LLP increased its position in shares of Alphabet by 2.3% during the first quarter. Tanager Wealth Management LLP now owns 27,877 shares of the information services provider's stock worth $4,311,000 after acquiring an additional 625 shares during the period. Finally, Falcon Wealth Planning increased its position in shares of Alphabet by 15.7% during the first quarter. Falcon Wealth Planning now owns 9,898 shares of the information services provider's stock worth $1,531,000 after acquiring an additional 1,340 shares during the period. Institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director owned 6,813 shares of the company's stock, valued at $1,192,275. This trade represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total transaction of $5,742,100.00. Following the transaction, the chief executive officer directly owned 2,555,196 shares of the company's stock, valued at approximately $451,452,029.28. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,143 shares of company stock valued at $30,529,028. 11.64% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOGL stock traded up $0.44 during mid-day trading on Thursday, reaching $179.08. The stock had a trading volume of 21,689,729 shares, compared to its average volume of 31,462,867. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.24 and a beta of 1.00. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.03. The business's fifty day moving average is $167.96 and its 200-day moving average is $174.20.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. On average, research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. Alphabet's payout ratio is currently 9.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. Westpark Capital reiterated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, May 8th. Roth Mkm reiterated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Sanford C. Bernstein increased their price target on Alphabet from $165.00 to $185.00 and gave the stock a "market perform" rating in a research report on Friday, April 25th. Cantor Fitzgerald restated a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a report on Wednesday, June 25th. Finally, Jefferies Financial Group lowered their price objective on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $199.95.

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.