OLD Second National Bank of Aurora Has $8.42 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

OLD Second National Bank of Aurora decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,283 shares of the information services provider’s stock after selling 1,678 shares during the quarter. Alphabet makes up approximately 2.4% of OLD Second National Bank of Aurora’s portfolio, making the stock its 7th biggest position. OLD Second National Bank of Aurora’s holdings in Alphabet were worth $8,421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GOOGL. Cooper Financial Group raised its holdings in shares of Alphabet by 3.4% in the 3rd quarter. Cooper Financial Group now owns 46,144 shares of the information services provider’s stock valued at $6,038,000 after purchasing an additional 1,534 shares in the last quarter. Scharf Investments LLC boosted its stake in shares of Alphabet by 307.7% during the third quarter. Scharf Investments LLC now owns 40,717 shares of the information services provider’s stock valued at $5,328,000 after purchasing an additional 30,729 shares in the last quarter. Johnson Bixby & Associates LLC purchased a new position in Alphabet during the third quarter valued at approximately $213,000. OneAscent Financial Services LLC increased its holdings in Alphabet by 54.9% during the third quarter. OneAscent Financial Services LLC now owns 6,636 shares of the information services provider’s stock valued at $868,000 after buying an additional 2,351 shares during the period. Finally, Strategic Advisors LLC raised its stake in Alphabet by 1.6% in the third quarter. Strategic Advisors LLC now owns 123,196 shares of the information services provider’s stock worth $16,121,000 after buying an additional 1,995 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the sale, the chief executive officer now owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,339 shares of company stock valued at $36,377,482. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GOOGL shares. BMO Capital Markets reiterated an “outperform” rating and issued a $185.00 price target (up from $178.00) on shares of Alphabet in a report on Wednesday, April 10th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Alphabet in a research note on Wednesday, April 10th. UBS Group boosted their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Citigroup restated a “buy” rating and issued a $168.00 price target on shares of Alphabet in a report on Wednesday, April 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.71.

Alphabet Stock Performance

Shares of GOOGL stock opened at $156.00 on Friday. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.94 trillion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The business has a 50-day simple moving average of $147.22 and a 200-day simple moving average of $141.16.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, equities analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

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.