Alphabet Inc (GOOG) Holdings Boosted by Argent Trust Co

Argent Trust Co grew its position in Alphabet Inc (NASDAQ:GOOG) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,423 shares of the information services provider’s stock after acquiring an additional 86 shares during the period. Argent Trust Co’s holdings in Alphabet were worth $7,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Capital Advisors Inc. OK lifted its holdings in shares of Alphabet by 0.5% in the fourth quarter. Capital Advisors Inc. OK now owns 15,269 shares of the information services provider’s stock worth $15,813,000 after buying an additional 76 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Alphabet by 3.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 109,963 shares of the information services provider’s stock worth $113,879,000 after buying an additional 3,703 shares in the last quarter. Homrich & Berg lifted its holdings in shares of Alphabet by 11.5% in the fourth quarter. Homrich & Berg now owns 1,258 shares of the information services provider’s stock worth $1,302,000 after buying an additional 130 shares in the last quarter. Exencial Wealth Advisors LLC lifted its holdings in shares of Alphabet by 7.8% in the fourth quarter. Exencial Wealth Advisors LLC now owns 647 shares of the information services provider’s stock worth $670,000 after buying an additional 47 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Alphabet by 9.9% in the fourth quarter. Brookstone Capital Management now owns 554 shares of the information services provider’s stock worth $574,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 34.41% of the company’s stock.

In other news, Director Ann Mather sold 38 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $1,124.90, for a total value of $42,746.20. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at $2,021,445.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,145.00, for a total transaction of $101,905.00. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at approximately $444,260. The disclosure for this sale can be found here. In the last three months, insiders sold 817 shares of company stock worth $974,730. Insiders own 13.11% of the company’s stock.

Several equities analysts have recently commented on the stock. Credit Suisse Group reissued a “sell” rating on shares of Alphabet in a report on Wednesday. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a report on Friday, February 1st. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 target price on the stock in a report on Wednesday, April 24th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, February 12th. Finally, Deutsche Bank upped their price target on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,361.50.

Shares of GOOG opened at $1,162.30 on Friday. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The firm has a market capitalization of $806.92 billion, a PE ratio of 24.46, a PEG ratio of 1.37 and a beta of 1.03. The company has a current ratio of 3.96, a quick ratio of 3.93 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $10.51 by $1.39. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The business had revenue of $36.34 billion for the quarter, compared to the consensus estimate of $37.36 billion. During the same quarter in the prior year, the firm posted $9.93 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities research analysts predict that Alphabet Inc will post 48.44 earnings per share for the current year.

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Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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