First Western Trust Bank Increases Stock Position in Alphabet Inc. (NASDAQ:GOOG)

First Western Trust Bank boosted its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,731 shares of the information services provider’s stock after purchasing an additional 587 shares during the quarter. First Western Trust Bank’s holdings in Alphabet were worth $1,396,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GOOG. Monarch Capital Management Inc. increased its holdings in shares of Alphabet by 4.0% in the 4th quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock worth $3,612,000 after buying an additional 1,562 shares during the last quarter. Walled Lake Planning & Wealth Management LLC increased its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock worth $3,281,000 after buying an additional 32,414 shares during the last quarter. Grand Jean Capital Management Inc. increased its holdings in shares of Alphabet by 1,926.2% in the 3rd quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock worth $13,186,000 after buying an additional 130,367 shares during the last quarter. Connecticut Wealth Management LLC increased its holdings in shares of Alphabet by 1,415.4% in the 3rd quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock worth $803,000 after buying an additional 7,799 shares during the last quarter. Finally, Matthew Goff Investment Advisor LLC increased its holdings in shares of Alphabet by 4.2% in the 4th quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock worth $655,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Insider Activity

In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $125.00, for a total value of $100,000.00. Following the transaction, the director now owns 5,940 shares in the company, valued at $742,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $125.00, for a total value of $100,000.00. Following the completion of the sale, the director now owns 5,940 shares of the company’s stock, valued at $742,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.05, for a total value of $34,219.00. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,017,565. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 732,217 shares of company stock worth $21,135,371 and have sold 753,384 shares worth $30,574,577. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG traded up $0.65 during mid-day trading on Friday, reaching $125.00. The company had a trading volume of 15,602,457 shares, compared to its average volume of 29,798,066. The stock has a market capitalization of $1.59 trillion, a P/E ratio of 27.53, a PEG ratio of 1.55 and a beta of 1.10. The stock has a 50 day moving average of $109.26 and a two-hundred day moving average of $99.67. The company has a quick ratio of 2.32, a current ratio of 2.35 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $127.05.

Alphabet (NASDAQ:GOOG – Get Rating) last released its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to the consensus estimate of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 earnings per share. On average, analysts expect that Alphabet Inc. will post 5.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GOOG shares. Raymond James boosted their target price on shares of Alphabet from $119.00 to $130.00 in a report on Wednesday, April 26th. UBS Group increased their price objective on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. The Goldman Sachs Group set a $128.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. Oppenheimer decreased their price objective on shares of Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. Finally, Piper Sandler decreased their price target on Alphabet from $122.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.