Legacy Private Trust Co. Has $1.11 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Legacy Private Trust Co. boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,306 shares of the information services provider’s stock after acquiring an additional 808 shares during the quarter. Legacy Private Trust Co.’s holdings in Alphabet were worth $1,112,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GOOG. Bruce G. Allen Investments LLC acquired a new stake in Alphabet in the fourth quarter valued at about $26,000. Partnership Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $26,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $32,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $34,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer lifted their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and set a $165.00 price target on shares of Alphabet in a research note on Thursday, April 11th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $165.67.

Alphabet Price Performance

Shares of GOOG opened at $180.26 on Friday. Alphabet Inc. has a 1 year low of $115.83 and a 1 year high of $182.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The business has a 50-day moving average of $171.61 and a 200-day moving average of $153.81.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. During the same period last year, the company earned $1.17 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a — dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is 12.27%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the sale, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Alphabet news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the sale, the insider now directly owns 48,717 shares in the company, valued at $7,365,523.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,958 shares of company stock worth $22,383,553. 12.99% of the stock is owned by corporate insiders.

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.