Dorsey & Whitney Trust CO LLC lifted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,892 shares of the information services provider’s stock after purchasing an additional 1,263 shares during the period. Alphabet accounts for about 1.8% of Dorsey & Whitney Trust CO LLC’s holdings, making the stock its 10th biggest position. Dorsey & Whitney Trust CO LLC’s holdings in Alphabet were worth $10,244,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Diversified Trust Co raised its position in Alphabet by 0.7% in the third quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock worth $1,800,000 after acquiring an additional 10 shares during the period. Bath Savings Trust Co raised its position in Alphabet by 4.1% in the fourth quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock worth $265,000 after acquiring an additional 10 shares during the period. Hemenway Trust Co LLC raised its position in shares of Alphabet by 2.9% in the fourth quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock valued at $371,000 after purchasing an additional 10 shares during the period. Vigilant Capital Management LLC raised its position in shares of Alphabet by 6.4% in the fourth quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after purchasing an additional 11 shares during the period. Finally, DeDora Capital Inc. raised its position in shares of Alphabet by 0.6% in the fourth quarter. DeDora Capital Inc. now owns 1,814 shares of the information services provider’s stock valued at $1,879,000 after purchasing an additional 11 shares during the period. 34.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ:GOOG opened at $1,197.25 on Wednesday. The company has a market cap of $832.85 billion, a P/E ratio of 25.20, a PEG ratio of 1.42 and a beta of 1.05. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. Alphabet’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.70 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc will post 47.35 earnings per share for the current year.

In related news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $1,086.33, for a total transaction of $10,863,300.00. Following the completion of the transaction, the chief executive officer now owns 491 shares of the company’s stock, valued at $533,388.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP David C. Drummond sold 5,688 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The shares were sold at an average price of $1,050.13, for a total transaction of $5,973,139.44. Following the transaction, the senior vice president now directly owns 43,880 shares of the company’s stock, valued at approximately $46,079,704.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,485 shares of company stock valued at $17,768,923. 13.11% of the stock is owned by corporate insiders.

GOOG has been the topic of several research reports. UBS Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, January 14th. Deutsche Bank lowered their price target on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Wednesday, January 23rd. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, February 12th. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, January 2nd. Finally, Barclays lowered their price target on shares of Alphabet to $1,350.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-nine have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,349.78.

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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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