Alphabet Inc. (NASDAQ:GOOG) Shares Sold by New Hampshire Trust

New Hampshire Trust cut its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,482 shares of the information services provider’s stock after selling 371 shares during the quarter. Alphabet makes up approximately 2.2% of New Hampshire Trust’s investment portfolio, making the stock its 7th largest position. New Hampshire Trust’s holdings in Alphabet were worth $10,566,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GOOG. Koshinski Asset Management Inc. increased its position in shares of Alphabet by 1.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 29,353 shares of the information services provider’s stock valued at $5,590,000 after buying an additional 357 shares in the last quarter. Ulland Investment Advisors LLC raised its stake in Alphabet by 2.1% in the 4th quarter. Ulland Investment Advisors LLC now owns 52,883 shares of the information services provider’s stock valued at $10,071,000 after purchasing an additional 1,113 shares during the last quarter. Mountain Pacific Investment Advisers LLC raised its stake in Alphabet by 11.9% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 2,340 shares of the information services provider’s stock valued at $446,000 after purchasing an additional 248 shares during the last quarter. LaFleur & Godfrey LLC raised its stake in Alphabet by 1.2% in the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider’s stock valued at $6,088,000 after purchasing an additional 380 shares during the last quarter. Finally, Cove Private Wealth LLC raised its stake in Alphabet by 40.2% in the 4th quarter. Cove Private Wealth LLC now owns 25,404 shares of the information services provider’s stock valued at $4,838,000 after purchasing an additional 7,285 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $200.03 on Thursday. The stock has a fifty day simple moving average of $186.56 and a 200-day simple moving average of $174.89. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $203.84. The stock has a market cap of $2.45 trillion, a PE ratio of 26.53, a P/E/G ratio of 1.25 and a beta of 0.99. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. During the same period last year, the business posted $1.55 EPS. Alphabet’s revenue for the quarter was up 15.1% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Wall Street Analyst Weigh In

GOOG has been the subject of several recent research reports. Oppenheimer increased their price objective on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group increased their price objective on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Pivotal Research raised their target price on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.56.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This trade represents a 5.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now owns 23,324 shares of the company’s stock, valued at $4,529,987.28. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 in the last three months. 12.99% of the stock is owned by company insiders.

Alphabet Company 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.