Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 49.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,730 shares of the information services provider's stock after selling 1,682 shares during the quarter. Trinity Financial Advisors LLC's holdings in Alphabet were worth $268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC grew its stake in shares of Alphabet by 0.3% during the first quarter. Laurel Wealth Advisors LLC now owns 85,802 shares of the information services provider's stock valued at $13,268,000 after buying an additional 253 shares during the last quarter. Transform Wealth LLC grew its position in Alphabet by 1.3% in the 1st quarter. Transform Wealth LLC now owns 150,577 shares of the information services provider's stock valued at $23,285,000 after acquiring an additional 1,860 shares during the last quarter. Virginia Wealth Management Group Inc. increased its stake in Alphabet by 16.7% in the first quarter. Virginia Wealth Management Group Inc. now owns 2,100 shares of the information services provider's stock worth $325,000 after purchasing an additional 300 shares during the period. Focus Financial Network Inc. grew its holdings in shares of Alphabet by 0.5% in the first quarter. Focus Financial Network Inc. now owns 85,755 shares of the information services provider's stock worth $13,261,000 after purchasing an additional 442 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its stake in Alphabet by 2.9% in the 1st quarter. Donaldson Capital Management LLC now owns 72,482 shares of the information services provider's stock worth $11,209,000 after buying an additional 2,037 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 11,764 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company's stock, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 195,570 shares of company stock valued at $32,003,532 over the last ninety days. Corporate insiders own 11.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group dropped their price objective on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. UBS Group set a $195.00 target price on Alphabet in a research report on Friday, April 25th. Roth Mkm reaffirmed a "buy" rating and issued a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Truist Financial lowered their target price on shares of Alphabet from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Tigress Financial upped their price target on Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $199.75.

Alphabet Stock Performance

Shares of GOOGL traded down $1.03 during trading hours on Friday, hitting $174.67. The stock had a trading volume of 27,636,835 shares, compared to its average volume of 30,391,072. The firm has a 50-day moving average price of $162.29 and a 200 day moving average price of $174.57. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The firm has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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 for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

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.