Intrust Bank NA Has $7.44 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Intrust Bank NA decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,254 shares of the information services provider’s stock after selling 1,069 shares during the quarter. Alphabet makes up approximately 0.9% of Intrust Bank NA’s portfolio, making the stock its 20th biggest position. Intrust Bank NA’s holdings in Alphabet were worth $7,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meritage Group LP lifted its holdings in shares of Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after purchasing an additional 276 shares during the period. Macroview Investment Management LLC lifted its holdings in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after buying an additional 199 shares during the period. Armor Investment Advisors LLC lifted its holdings in 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 buying an additional 80 shares during the period. IAG Wealth Partners LLC grew its position in shares of Alphabet by 55.9% in the 4th quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock valued at $48,000 after buying an additional 123 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $55,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOGL. Rosenblatt Securities upped their target price on Alphabet from $172.00 to $182.00 and gave the company a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus upped their price objective on shares of Alphabet from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Friday, April 26th. TD Cowen lifted their target price on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Redburn Atlantic boosted their price objective on Alphabet from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Finally, Needham & Company LLC upped their target price on Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $190.60.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total transaction of $6,836,407.20. Following the completion of the transaction, the insider now owns 12,725 shares of the company’s stock, valued at approximately $1,809,495. The disclosure for this sale can be found here. Insiders sold a total of 252,629 shares of company stock worth $37,091,240 in the last quarter. Insiders own 0.88% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $171.25 on Wednesday. The stock has a 50 day moving average of $151.40 and a 200 day moving average of $142.83. The company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a 12 month low of $105.16 and a 12 month high of $174.71. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period last year, the firm posted $1.17 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.57 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, June 10th.

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.