CENTRAL TRUST Co Sells 2,279 Shares of Alphabet Inc. $GOOG

CENTRAL TRUST Co cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,185 shares of the information services provider’s stock after selling 2,279 shares during the period. CENTRAL TRUST Co’s holdings in Alphabet were worth $29,026,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Providence Wealth Advisors LLC raised its stake in shares of Alphabet by 0.3% in the 1st quarter. Providence Wealth Advisors LLC now owns 10,508 shares of the information services provider’s stock valued at $3,094,000 after purchasing an additional 29 shares in the last quarter. One Charles Private Wealth Services LLC lifted its position in shares of Alphabet by 0.6% during the first quarter. One Charles Private Wealth Services LLC now owns 4,844 shares of the information services provider’s stock worth $1,390,000 after purchasing an additional 29 shares during the last quarter. Wisconsin Wealth Advisors LLC lifted its position in shares of Alphabet by 1.3% during the second quarter. Wisconsin Wealth Advisors LLC now owns 2,223 shares of the information services provider’s stock worth $785,000 after purchasing an additional 29 shares during the last quarter. Cypress Financial Planning LLC grew its stake in Alphabet by 1.3% in the third quarter. Cypress Financial Planning LLC now owns 2,198 shares of the information services provider’s stock worth $749,000 after purchasing an additional 29 shares in the last quarter. Finally, Johnson Wealth Management LLC grew its stake in Alphabet by 1.7% in the second quarter. Johnson Wealth Management LLC now owns 1,842 shares of the information services provider’s stock worth $651,000 after purchasing an additional 30 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Trading Up 1.6%

Alphabet stock opened at $295.35 on Friday. The firm’s 50-day moving average is $326.04 and its 200-day moving average is $336.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79. Alphabet Inc. has a 1 year low of $271.41 and a 1 year high of $404.47. The company has a market cap of $3.63 trillion, a P/E ratio of 15.41, a PEG ratio of 0.88 and a beta of 1.21.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. During the same period last year, the firm posted $2.87 earnings per share. The company’s quarterly revenue was up 24.7% on a year-over-year basis. On average, equities analysts expect that Alphabet Inc. will post 19.74 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Monday, December 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, December 7th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is 4.59%.

Trending Headlines about Alphabet

These are some of the GOOG headlines that stood out recently:

• Positive Sentiment: Alphabet could benefit from Nvidia CEO Jensen Huang’s reported departure, which may encourage cloud customers to diversify chip suppliers and challenge Nvidia’s premium pricing. Google’s Tensor Processing Units (TPUs) and its chip investments position it to compete for AI-computing demand. Nvidia succession uncertainty opens door for Google TPU and Broadcom, analyst says
• Positive Sentiment: Google DeepMind introduced AlphaGenome 2, an AI model designed to help researchers interpret DNA and cellular activity. The launch highlights potential applications for Alphabet’s AI technology beyond its core businesses. Alphabet’s DeepMind unveils new AlphaGenome 2 model
• Positive Sentiment: Google and Samsung are preparing AI smart glasses for sale next month, while Google is also extending Gemini into Apple CarPlay. These launches could broaden Gemini’s reach across devices and platforms. Google and Samsung launch AI glasses pre-orders

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company set a $365.00 price objective on Alphabet in a report on Monday, November 2nd. Truist Financial set a $410.00 target price on Alphabet in a report on Thursday, October 29th. KeyCorp reiterated an “overweight” rating and issued a $385.00 target price on shares of Alphabet in a research report on Thursday, October 29th. Citigroup lowered Alphabet from a “market outperform” rating to a “market perform” rating in a research report on Thursday, October 29th. Finally, Tigress Financial boosted their price target on Alphabet from $415.00 to $485.00 and gave the company a “strong-buy” rating in a report on Friday, September 18th. Six analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $413.38.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total value of $28,257.35. Following the transaction, the director owned 19,076 shares of the company’s stock, valued at $6,494,424.20. This trade represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 247 shares of company stock valued at $79,238 over the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer. Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.