Alphabet Inc. $GOOG Shares Purchased by Glenview Trust co

Glenview Trust co boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,734 shares of the information services provider’s stock after acquiring an additional 5,410 shares during the quarter. Glenview Trust co’s holdings in Alphabet were worth $21,240,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GOOG. Brighton Jones LLC boosted its stake in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in shares of Alphabet by 4.0% during the first quarter. Nicholas Hoffman & Company LLC. now owns 25,146 shares of the information services provider’s stock worth $3,929,000 after purchasing an additional 976 shares in the last quarter. Dagco Inc. raised its position in shares of Alphabet by 3.3% during the 1st quarter. Dagco Inc. now owns 7,096 shares of the information services provider’s stock worth $1,109,000 after purchasing an additional 230 shares during the last quarter. Fox Hill Wealth Management raised its position in shares of Alphabet by 11.2% during the 1st quarter. Fox Hill Wealth Management now owns 16,919 shares of the information services provider’s stock worth $2,643,000 after purchasing an additional 1,708 shares during the last quarter. Finally, Brooklyn FI LLC lifted its stake in Alphabet by 2.3% in the 1st quarter. Brooklyn FI LLC now owns 5,841 shares of the information services provider’s stock valued at $912,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GOOG shares. Pivotal Research reiterated a “buy” rating and set a $400.00 price objective (up from $350.00) on shares of Alphabet in a research note on Friday, December 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Alphabet in a research note on Thursday, October 30th. TD Cowen boosted their price target on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Mizuho set a $325.00 price objective on Alphabet in a research note on Thursday, October 30th. Finally, Cowen reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $310.54.

Insider Activity

In other news, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $317.66, for a total value of $32,401.32. Following the completion of the sale, the director owned 18,104 shares of the company’s stock, valued at $5,750,916.64. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $319.50, for a total transaction of $10,383,750.00. Following the sale, the chief executive officer owned 2,272,119 shares of the company’s stock, valued at $725,942,020.50. This represents a 1.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 228,906 shares of company stock valued at $62,127,158 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $321.00 on Thursday. Alphabet Inc. has a one year low of $142.66 and a one year high of $328.67. The stock has a market cap of $3.87 trillion, a PE ratio of 31.66, a P/E/G ratio of 1.84 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a 50 day moving average price of $281.13 and a 200 day moving average price of $228.37.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. During the same period in the prior year, the business earned $2.12 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 8th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 8.28%.

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.