First National Bank of Omaha Sells 586 Shares of Alphabet Inc. (NASDAQ:GOOGL)

First National Bank of Omaha cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,208 shares of the information services provider’s stock after selling 586 shares during the period. Alphabet accounts for about 1.3% of First National Bank of Omaha’s investment portfolio, making the stock its 12th biggest holding. First National Bank of Omaha’s holdings in Alphabet were worth $20,766,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in GOOGL. Christopher J. Hasenberg Inc raised its stake in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares during the period. LMR Partners LLP acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $32,000. Kings Path Partners LLC bought a new stake in Alphabet in the 2nd quarter valued at $36,000. Denver PWM LLC acquired a new stake in Alphabet during the 2nd quarter valued at $41,000. Finally, Quarry LP bought a new position in Alphabet during the second quarter worth $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $160.63, for a total transaction of $3,614,175.00. Following the completion of the transaction, the chief executive officer now owns 2,114,885 shares in the company, valued at approximately $339,713,977.55. The trade was a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,623 shares of company stock worth $34,413,006. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Up 3.6 %

Shares of GOOGL stock opened at $196.66 on Tuesday. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $199.00. The stock’s fifty day simple moving average is $172.31 and its 200 day simple moving average is $170.80. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.41 trillion, a P/E ratio of 26.08, a P/E/G ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the previous year, the business posted $1.55 earnings per share. As a group, sell-side analysts predict that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Alphabet from $204.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wedbush restated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Thursday, October 24th. DA Davidson started coverage on Alphabet in a research report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $206.08.

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.