Alphabet Inc. $GOOGL Position Reduced by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown trimmed its position in Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,400 shares of the information services provider’s stock after selling 3,245 shares during the quarter. Alphabet makes up approximately 0.8% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 24th largest position. First National Bank & Trust Co. of Newtown’s holdings in Alphabet were worth $3,566,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOOGL. Brighton Jones LLC increased its position in Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after acquiring an additional 506 shares during the period. Matrix Asset Advisors Inc. NY boosted its holdings in shares of Alphabet by 17.6% during the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider’s stock valued at $685,000 after acquiring an additional 581 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Alphabet by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider’s stock worth $85,557,000 after acquiring an additional 48,805 shares during the last quarter. Finally, United Bank grew its position in shares of Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider’s stock worth $8,495,000 after acquiring an additional 3,120 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares in the company, valued at $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,415 shares of company stock valued at $7,672,279 in the last ninety days. 11.61% of the stock is currently owned by insiders.

Shares of GOOGL stock opened at $346.77 on Friday. The company has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.45 and a beta of 1.24. Alphabet Inc. has a 1-year low of $183.71 and a 1-year high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity...