Alphabet Inc. (NASDAQ:GOOG) is Trust Co. of Vermont’s 3rd Largest Position

Trust Co. of Vermont raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 373,987 shares of the information services provider’s stock after buying an additional 3,972 shares during the period. Alphabet comprises approximately 3.1% of Trust Co. of Vermont’s portfolio, making the stock its 3rd largest position. Trust Co. of Vermont’s holdings in Alphabet were worth $62,527,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GOOG. Perpetual Ltd boosted its holdings in shares of Alphabet by 0.9% during the first quarter. Perpetual Ltd now owns 22,032 shares of the information services provider’s stock worth $3,355,000 after purchasing an additional 198 shares during the period. Abacus Wealth Partners LLC boosted its holdings in shares of Alphabet by 31.9% during the first quarter. Abacus Wealth Partners LLC now owns 5,246 shares of the information services provider’s stock worth $799,000 after purchasing an additional 1,268 shares during the period. Legacy Private Trust Co. boosted its holdings in shares of Alphabet by 12.4% during the first quarter. Legacy Private Trust Co. now owns 7,306 shares of the information services provider’s stock worth $1,112,000 after purchasing an additional 808 shares during the period. Wedmont Private Capital boosted its holdings in shares of Alphabet by 1.4% during the first quarter. Wedmont Private Capital now owns 81,250 shares of the information services provider’s stock worth $12,849,000 after purchasing an additional 1,096 shares during the period. Finally, Grassi Investment Management boosted its holdings in shares of Alphabet by 1.5% during the first quarter. Grassi Investment Management now owns 6,800 shares of the information services provider’s stock worth $1,035,000 after purchasing an additional 100 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 700 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $165.00, for a total transaction of $115,500.00. Following the completion of the sale, the director now owns 29,324 shares in the company, valued at $4,838,460. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock valued at $35,993,340 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $164.51 on Friday. Alphabet Inc. has a fifty-two week low of $121.46 and a fifty-two week high of $193.31. The company has a 50 day simple moving average of $163.18 and a two-hundred day simple moving average of $169.52. The company has a market capitalization of $2.03 trillion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 earnings per share. Analysts expect that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GOOG. Scotiabank started coverage on shares of Alphabet in a report on Friday, October 11th. They set a “sector outperform” rating and a $212.00 target price for the company. Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a report on Thursday, September 5th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Oppenheimer lowered their price objective on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Finally, UBS Group lowered their price objective on shares of Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.90.

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.