Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Clearstead Trust LLC

Clearstead Trust LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 44.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,727 shares of the information services provider’s stock after acquiring an additional 6,730 shares during the quarter. Alphabet comprises approximately 0.8% of Clearstead Trust LLC’s portfolio, making the stock its 23rd biggest position. Clearstead Trust LLC’s holdings in Alphabet were worth $3,062,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GOOG. Bruce G. Allen Investments LLC acquired a new stake in Alphabet during the 4th quarter worth approximately $26,000. Tandem Wealth Advisors LLC acquired a new stake in shares of Alphabet during the third quarter worth $25,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet in the 4th quarter valued at $28,000. DiNuzzo Private Wealth Inc. acquired a new position in Alphabet in the 4th quarter valued at $32,000. Finally, Buck Wealth Strategies LLC purchased a new position in Alphabet during the 3rd quarter worth $32,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOG shares. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Raymond James upped their price target on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $165.67.

Alphabet Price Performance

GOOG stock traded up $0.03 on Monday, reaching $169.02. The company had a trading volume of 10,096,434 shares, compared to its average volume of 22,693,281. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company’s fifty day moving average is $151.46 and its 200 day moving average is $143.74. The company has a market cap of $2.09 trillion, a P/E ratio of 25.86, a PEG ratio of 1.26 and a beta of 1.02. Alphabet Inc. has a 1 year low of $105.79 and a 1 year high of $176.42.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating 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 business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same quarter last year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, research analysts forecast that Alphabet Inc. will post 7.66 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $146.29, for a total value of $3,291,525.00. Following the transaction, the chief executive officer now owns 2,377,691 shares of the company’s stock, valued at approximately $347,832,416.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 275,129 shares of company stock worth $40,382,765. 12.99% of the stock is owned by insiders.

Alphabet 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.