Alphabet Inc. (NASDAQ:GOOGL) Position Trimmed by Sunflower Bank N.A.

Sunflower Bank N.A. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,244 shares of the information services provider’s stock after selling 108 shares during the quarter. Sunflower Bank N.A.’s holdings in Alphabet were worth $942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Alphabet during the 4th quarter valued at $30,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Alphabet in the fourth quarter worth about $38,000. Meritage Group LP lifted its position in shares of Alphabet by 1,061.5% in the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the last quarter. Armor Investment Advisors LLC boosted its stake in shares of Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares in the last quarter. Finally, IAG Wealth Partners LLC increased its holdings in shares of Alphabet by 55.9% during the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 123 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 12,084 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the sale, the insider now owns 48,717 shares in the company, valued at approximately $7,365,523.23. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 12,084 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $151.19, for a total transaction of $1,826,979.96. Following the completion of the transaction, the insider now owns 48,717 shares in the company, valued at $7,365,523.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,958 shares of company stock worth $22,383,553. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.9 %

NASDAQ GOOGL traded up $3.43 during trading on Friday, hitting $179.73. The stock had a trading volume of 24,938,514 shares, compared to its average volume of 28,760,098. The company has a market capitalization of $2.22 trillion, a PE ratio of 27.62, a P/E/G ratio of 1.32 and a beta of 1.01. Alphabet Inc. has a 12 month low of $115.35 and a 12 month high of $180.85. The company’s 50-day moving average price is $169.61 and its two-hundred day moving average price is $152.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period in the prior year, the business posted $1.17 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. Alphabet’s payout ratio is 12.27%.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Loop Capital upped their price objective on shares of Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group upped their price target on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. Susquehanna lifted their price objective on Alphabet from $170.00 to $225.00 and gave the stock a “positive” rating in a report on Monday, April 29th. Sanford C. Bernstein boosted their price objective on Alphabet from $165.00 to $180.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group raised their target price on Alphabet from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.26.

View Our Latest Stock Report on Alphabet

About Alphabet

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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