Dorsey & Whitney Trust CO LLC Has $40.88 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Dorsey & Whitney Trust CO LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 214,647 shares of the information services provider’s stock after selling 7,275 shares during the period. Alphabet comprises 2.3% of Dorsey & Whitney Trust CO LLC’s investment portfolio, making the stock its 5th biggest position. Dorsey & Whitney Trust CO LLC’s holdings in Alphabet were worth $40,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&G PLC bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $2,240,000. GPS Wealth Strategies Group LLC grew its position in shares of Alphabet by 6.8% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock valued at $3,094,000 after acquiring an additional 1,041 shares during the period. Coldstream Capital Management Inc. grew its position in shares of Alphabet by 14.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 116,776 shares of the information services provider’s stock valued at $19,642,000 after acquiring an additional 14,738 shares during the period. Metis Global Partners LLC lifted its stake in shares of Alphabet by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 301,980 shares of the information services provider’s stock valued at $50,488,000 after buying an additional 4,292 shares in the last quarter. Finally, Requisite Capital Management LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at approximately $927,000. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush restated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research note on Thursday, January 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Finally, Benchmark restated a “negative” rating on shares of Alphabet in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the transaction, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,316 shares of company stock valued at $25,062,887. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $175.75 on Friday. The firm’s fifty day moving average price is $189.85 and its 200-day moving average price is $178.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $2.14 trillion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. On average, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. Alphabet’s dividend payout ratio is currently 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.