Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,514 shares of the information services provider’s stock after purchasing an additional 1,116 shares during the period. Alphabet makes up 1.9% of Trinity Legacy Partners LLC’s holdings, making the stock its 15th largest position. Trinity Legacy Partners LLC’s holdings in Alphabet were worth $7,335,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GOOG. Weiss Asset Management LP acquired a new position in shares of Alphabet in the third quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the fourth quarter worth about $27,000. Safe Harbor Fiduciary LLC acquired a new stake in Alphabet during the third quarter worth about $33,000. Sanctuary Wealth Management L.L.C. grew its holdings in Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock worth $42,000 after acquiring an additional 117 shares during the period. Finally, Maryland Capital Advisors Inc. grew its holdings in Alphabet by 33.0% during the fourth quarter. Maryland Capital Advisors Inc. now owns 266 shares of the information services provider’s stock worth $51,000 after acquiring an additional 66 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the transaction, the director now owns 23,324 shares in the company, valued at approximately $4,529,987.28. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,299 shares of company stock worth $25,055,751 over the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. UBS Group raised their target price on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Stock Down 0.2 %

Shares of GOOG opened at $181.19 on Tuesday. The firm has a market cap of $2.21 trillion, a P/E ratio of 22.51, a PEG ratio of 1.34 and a beta of 1.00. The stock’s 50 day moving average is $193.68 and its two-hundred day moving average is $177.58. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $208.70. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.20 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.44%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.