First National Trust Co Has $3.02 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

First National Trust Co raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,432 shares of the information services provider’s stock after acquiring an additional 820 shares during the quarter. First National Trust Co’s holdings in Alphabet were worth $3,020,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. AJOVista LLC bought a new stake in Alphabet in the fourth quarter worth approximately $584,000. ARS Wealth Advisors Group LLC boosted its stake in Alphabet by 8.9% during the fourth quarter. ARS Wealth Advisors Group LLC now owns 100,433 shares of the information services provider’s stock worth $14,154,000 after acquiring an additional 8,182 shares in the last quarter. Provence Wealth Management Group boosted its stake in Alphabet by 5.7% during the fourth quarter. Provence Wealth Management Group now owns 6,274 shares of the information services provider’s stock worth $884,000 after acquiring an additional 338 shares in the last quarter. Blue Fin Capital Inc. boosted its stake in Alphabet by 1.6% during the fourth quarter. Blue Fin Capital Inc. now owns 30,633 shares of the information services provider’s stock worth $4,317,000 after acquiring an additional 480 shares in the last quarter. Finally, VeraBank N.A. boosted its stake in Alphabet by 2.1% during the fourth quarter. VeraBank N.A. now owns 30,130 shares of the information services provider’s stock worth $4,246,000 after acquiring an additional 630 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John L. Hennessy sold 2,100 shares of Alphabet stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $139.51, for a total transaction of $41,853.00. Following the completion of the transaction, the director now owns 9,291 shares of the company’s stock, valued at $1,296,187.41. The disclosure for this sale can be found here. Insiders sold 275,129 shares of company stock worth $40,382,765 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

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

Alphabet Stock Up 0.3 %

Shares of GOOG stock traded up $0.53 on Friday, hitting $168.99. The stock had a trading volume of 22,767,056 shares, compared to its average volume of 22,353,938. The business has a 50 day moving average of $151.46 and a 200 day moving average of $143.69. The stock has a market cap of $2.10 trillion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. Alphabet Inc. has a 12-month low of $104.70 and a 12-month high of $176.42.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, analysts expect that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Announces Dividend

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

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.