New Hampshire Trust Has $9 Million Stock Position in Alphabet Inc. $GOOG

New Hampshire Trust lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,719 shares of the information services provider’s stock after selling 521 shares during the period. Alphabet makes up 1.9% of New Hampshire Trust’s investment portfolio, making the stock its 10th largest holding. New Hampshire Trust’s holdings in Alphabet were worth $8,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Kingstone Capital Partners Texas LLC increased its holdings in shares of Alphabet by 580,897.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after acquiring an additional 135,064,454 shares in the last quarter. Nuveen LLC bought a new position in Alphabet in the 1st quarter worth about $2,622,943,000. Vanguard Group Inc. increased its stake in Alphabet by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock valued at $64,299,725,000 after purchasing an additional 9,687,855 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alphabet by 9.9% during the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock valued at $15,971,861,000 after purchasing an additional 9,243,959 shares in the last quarter. Finally, Strs Ohio purchased a new position in Alphabet in the first quarter worth about $369,713,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.6%

Alphabet stock opened at $268.43 on Wednesday. Alphabet Inc. has a one year low of $142.66 and a one year high of $271.38. The stock has a fifty day moving average of $239.97 and a 200 day moving average of $198.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $3.25 trillion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GOOG shares. Robert W. Baird increased their price target on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Cowen reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, October 8th. Mizuho upgraded Alphabet to a “strong-buy” rating in a research note on Monday, September 29th. Oppenheimer set a $300.00 target price on Alphabet and gave the stock an “outperform” rating in a report on Monday, October 20th. Finally, DA Davidson set a $825.00 price target on Alphabet in a report on Monday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.45.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer owned 2,369,619 shares in the company, valued at $592,760,192.85. This represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 103 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the sale, the director owned 17,284 shares of the company’s stock, valued at $4,202,258.92. This trade represents a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 246,150 shares of company stock worth $55,805,379. Company insiders own 12.99% of the company’s stock.

Alphabet 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.