Alphabet Inc. (NASDAQ:GOOG) Position Increased by TI Trust Inc.

TI Trust Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,305 shares of the information services provider’s stock after buying an additional 60 shares during the period. TI Trust Inc.’s holdings in Alphabet were worth $820,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GOOG. Weiss Asset Management LP purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $33,000. Sanctuary Wealth Management L.L.C. lifted its position in shares of Alphabet by 87.3% in the 3rd quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 117 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of Alphabet by 32.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider’s stock valued at $57,000 after acquiring an additional 84 shares in the last quarter. Finally, Kieckhefer Group LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $76,000. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ:GOOG opened at $197.07 on Wednesday. Alphabet Inc. has a 1 year low of $131.55 and a 1 year high of $203.84. The firm’s fifty day simple moving average is $188.29 and its 200 day simple moving average is $175.13. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.41 trillion, a PE ratio of 26.14, a PEG ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period last year, the business posted $1.55 EPS. Alphabet’s revenue was up 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current year.

Analyst Ratings Changes

GOOG has been the subject of several research analyst reports. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. UBS Group increased their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Pivotal Research increased their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $205.13.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the sale, the director now directly owns 21,824 shares in the company, valued at $4,142,195.20. This trade represents a 6.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,887 shares of company stock worth $22,470,464. 12.99% of the stock is owned by insiders.

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.