Cetera Trust Company N.A Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Cetera Trust Company N.A purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,310 shares of the information services provider's stock, valued at approximately $1,453,000.

Other hedge funds have also modified their holdings of the company. EFG Asset Management Americas Corp. raised its holdings in Alphabet by 9.7% during the 4th quarter. EFG Asset Management Americas Corp. now owns 116,905 shares of the information services provider's stock worth $16,475,000 after buying an additional 10,359 shares during the period. Hussman Strategic Advisors Inc. raised its holdings in Alphabet by 23.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 77,700 shares of the information services provider's stock worth $10,950,000 after buying an additional 14,700 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in Alphabet during the 4th quarter worth approximately $12,532,000. Handelsbanken Fonder AB raised its holdings in Alphabet by 0.7% during the 4th quarter. Handelsbanken Fonder AB now owns 2,731,908 shares of the information services provider's stock worth $385,008,000 after buying an additional 17,762 shares during the period. Finally, CWM LLC raised its holdings in Alphabet by 8.7% during the 4th quarter. CWM LLC now owns 279,529 shares of the information services provider's stock worth $39,394,000 after buying an additional 22,423 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company's stock, valued at $1,275,043.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the transaction, the director now directly owns 7,991 shares of the company's stock, valued at $1,275,043.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company's stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 251,339 shares of company stock valued at $36,377,482. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 1.2 %

Shares of NASDAQ:GOOG traded up $1.97 during midday trading on Tuesday, hitting $159.92. The stock had a trading volume of 16,082,381 shares, compared to its average volume of 22,075,738. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The business's 50-day simple moving average is $147.92 and its 200-day simple moving average is $142.27. The company has a market cap of $1.99 trillion, a P/E ratio of 27.57, a PEG ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analysts' expectations of $85.28 billion. During the same period last year, the business earned $1.05 earnings per share. The firm's revenue was up 13.5% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Morgan Stanley reiterated an "overweight" rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Susquehanna lifted their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Raymond James lifted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. Finally, Oppenheimer lifted their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, April 8th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet currently has an average rating of "Buy" and an average price target of $159.86.

About Alphabet

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.