Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 663,582 shares of the information services provider's stock after purchasing an additional 20,160 shares during the quarter. Alphabet makes up approximately 2.6% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its 6th biggest holding. Whittier Trust Co. of Nevada Inc.'s holdings in Alphabet were worth $103,671,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. LSV Asset Management acquired a new stake in shares of Alphabet in the 4th quarter valued at about $27,000. Principia Wealth Advisory LLC raised its stake in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at about $26,000. WealthTrak Capital Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the completion of the sale, the chief executive officer directly owned 2,527,392 shares of the company's stock, valued at $466,000,536.96. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 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 transaction of $1,575,000.00. Following the sale, the director directly owned 255,400 shares of the company's stock, valued at approximately $44,695,000. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 215,843 shares of company stock valued at $37,288,490. Company insiders own 12.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GOOG shares. The Goldman Sachs Group restated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research note on Monday, June 2nd. Cowen reaffirmed a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. BNP Paribas downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, UBS Group boosted their price objective on shares of Alphabet from $186.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $208.40.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded up $1.15 during trading on Friday, reaching $185.85. The company had a trading volume of 16,537,306 shares, compared to its average volume of 21,529,048. The firm's fifty day moving average is $173.39 and its 200 day moving average is $174.75. The firm has a market capitalization of $2.26 trillion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.28 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $90.23 billion during 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%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 EPS. On average, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is currently 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.