Bank of New Hampshire Decreases Position in Alphabet Inc. (NASDAQ:GOOG)

Bank of New Hampshire cut its position in Alphabet Inc. (NASDAQ:GOOG) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 15,628 shares of the information services provider’s stock after selling 680 shares during the period. Bank of New Hampshire’s holdings in Alphabet were worth $2,976,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sunburst Financial Group LLC raised its position in Alphabet by 2.1% during the third quarter. Sunburst Financial Group LLC now owns 2,959 shares of the information services provider’s stock valued at $495,000 after buying an additional 60 shares during the period. Johnson Financial Group LLC raised its position in Alphabet by 2.6% during the third quarter. Johnson Financial Group LLC now owns 2,360 shares of the information services provider’s stock valued at $395,000 after buying an additional 60 shares during the period. Phillips Financial Management LLC raised its position in Alphabet by 1.6% during the third quarter. Phillips Financial Management LLC now owns 3,852 shares of the information services provider’s stock valued at $644,000 after buying an additional 61 shares during the period. Goodman Advisory Group LLC raised its position in Alphabet by 2.3% during the third quarter. Goodman Advisory Group LLC now owns 2,674 shares of the information services provider’s stock valued at $447,000 after buying an additional 61 shares during the period. Finally, Hutchinson Capital Management CA raised its position in Alphabet by 1.9% during the second quarter. Hutchinson Capital Management CA now owns 3,492 shares of the information services provider’s stock valued at $641,000 after buying an additional 64 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,406,343.27. This trade represents a 9.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at $350,361,837.80. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,887 shares of company stock worth $27,996,356 in the last 90 days. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOG. Pivotal Research upped their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Citigroup upped their target price on Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, DA Davidson raised Alphabet to a “hold” rating in a research report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Stock Up 1.6 %

Shares of NASDAQ GOOG traded up $3.15 during mid-day trading on Tuesday, reaching $201.11. 2,280,067 shares of the company traded hands, compared to its average volume of 12,968,485. The company’s fifty day moving average is $182.36 and its two-hundred day moving average is $174.11. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $202.88. The stock has a market cap of $2.46 trillion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. During the same quarter in the prior year, the company earned $1.55 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

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

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.