Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 4,566 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,062,941 shares of the information services provider's stock after purchasing an additional 4,566 shares during the period. Alphabet accounts for about 4.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings, making the stock its 5th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Alphabet were worth $475,828,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compass Planning Associates Inc acquired a new stake in shares of Alphabet during the fourth quarter worth about $30,000. Anderson Financial Strategies LLC purchased a new stake in Alphabet during the 4th quarter valued at approximately $49,000. Navigoe LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $51,000. Prudent Man Investment Management Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $53,000. Finally, Campbell Capital Management Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $57,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the transaction, the chief executive officer owned 2,555,196 shares of the company's stock, valued at $451,452,029.28. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of the company'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 $1,575,000.00. Following the transaction, the director directly owned 255,400 shares in the company, valued at $44,695,000. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,143 shares of company stock valued at $30,529,028 in the last ninety days. Insiders own 11.64% of the company's stock.

Alphabet Price Performance

NASDAQ:GOOGL traded up $0.44 during trading hours on Thursday, reaching $179.08. 21,689,729 shares of the company traded hands, compared to its average volume of 31,462,867. 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 $167.96 and its 200-day moving average is $174.20. The stock has a market cap of $2.17 trillion, a P/E ratio of 19.96, a P/E/G ratio of 1.24 and a beta of 1.00. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.

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

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is 9.36%.

Analyst Ratings Changes

A number of equities analysts have commented on GOOGL shares. BNP Paribas Exane restated a "neutral" rating and set a $172.00 price objective on shares of Alphabet in a research report on Friday, June 27th. Rosenblatt Securities reiterated a "neutral" rating and set a $189.00 price target on shares of Alphabet in a research note on Wednesday, May 21st. Morgan Stanley cut their price target on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a report on Wednesday, June 25th. Finally, Citizens Jmp upgraded Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research report on Friday, June 27th. Ten investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.