Alphabet Inc. (NASDAQ:GOOG) Position Cut by Haverford Trust Co

Haverford Trust Co lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,755 shares of the information services provider's stock after selling 8,036 shares during the period. Haverford Trust Co's holdings in Alphabet were worth $13,636,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. FCA Corp TX raised its position in shares of Alphabet by 0.6% during the 4th quarter. FCA Corp TX now owns 14,640 shares of the information services provider's stock worth $2,063,000 after buying an additional 91 shares in the last quarter. Long Road Investment Counsel LLC boosted its position in Alphabet by 79.5% during the 4th quarter. Long Road Investment Counsel LLC now owns 90,590 shares of the information services provider's stock worth $12,846,000 after acquiring an additional 40,110 shares during the period. Bedel Financial Consulting Inc. increased its holdings in shares of Alphabet by 0.7% in the 4th quarter. Bedel Financial Consulting Inc. now owns 15,170 shares of the information services provider's stock valued at $2,138,000 after purchasing an additional 110 shares during the period. OMNI 360 Wealth Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth approximately $617,000. Finally, Laffer Tengler Investments Inc. boosted its stake in shares of Alphabet by 2.5% during the 4th quarter. Laffer Tengler Investments Inc. now owns 3,546 shares of the information services provider's stock valued at $500,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GOOG shares. Susquehanna raised their target price on Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Morgan Stanley restated an "overweight" rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus increased their price target on Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Oppenheimer upped their price objective on shares of Alphabet from $172.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, April 8th. Finally, Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $165.67.

Alphabet Stock Performance

Alphabet stock traded up $1.55 during mid-day trading on Thursday, reaching $175.43. The company had a trading volume of 17,236,155 shares, compared to its average volume of 22,343,055. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.17 trillion, a price-to-earnings ratio of 26.91, a PEG ratio of 1.27 and a beta of 1.02. The company has a 50 day moving average of $157.82 and a 200-day moving average of $146.05. Alphabet Inc. has a 52 week low of $115.83 and a 52 week high of $176.42.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. On average, sell-side analysts expect that Alphabet Inc. will post 7.66 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the completion of the transaction, the chief executive officer now owns 2,355,191 shares in the company, valued at $336,980,728.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $143.08, for a total transaction of $3,219,300.00. Following the completion of the transaction, the chief executive officer now directly owns 2,355,191 shares of the company's stock, valued at $336,980,728.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 300 shares of the company's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the sale, the director now directly owns 9,291 shares in the company, valued at approximately $1,296,187.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 276,511 shares of company stock worth $41,234,695. Corporate insiders own 12.99% of the company's stock.

Alphabet Company 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.

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