Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Amarillo National Bank

Amarillo National Bank reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,900 shares of the information services provider’s stock after selling 300 shares during the period. Alphabet makes up approximately 0.5% of Amarillo National Bank’s investment portfolio, making the stock its 27th biggest holding. Amarillo National Bank’s holdings in Alphabet were worth $2,853,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. M. Kraus & Co increased its position in shares of Alphabet by 1.1% during the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after acquiring an additional 66 shares during the last quarter. Wynn Capital LLC boosted its position in shares of Alphabet by 3.9% during the 1st quarter. Wynn Capital LLC now owns 1,767 shares of the information services provider’s stock worth $267,000 after purchasing an additional 67 shares during the period. Aire Advisors LLC increased its holdings in Alphabet by 0.6% in the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares during the last quarter. Henrickson Nauta Wealth Advisors Inc. raised its position in Alphabet by 2.1% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,274 shares of the information services provider’s stock valued at $511,000 after purchasing an additional 68 shares during the period. Finally, Penbrook Management LLC lifted its stake in Alphabet by 0.3% during the first quarter. Penbrook Management LLC now owns 23,170 shares of the information services provider’s stock worth $3,497,000 after purchasing an additional 70 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.8 %

Shares of Alphabet stock opened at $189.03 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $2.34 trillion, a P/E ratio of 28.99, a PEG ratio of 1.43 and a beta of 1.05. Alphabet Inc. has a 1 year low of $115.35 and a 1 year high of $190.86. The company’s fifty day moving average is $175.88 and its two-hundred day moving average is $156.58.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The firm had revenue of $80.54 billion for 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 quarter last year, the company posted $1.17 earnings per share. Analysts forecast that Alphabet Inc. will post 7.6 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the transaction, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total transaction of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $183.99, for a total value of $600,175.38. Following the completion of the sale, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,788 shares of company stock valued at $21,143,403. Company insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wolfe Research boosted their price objective on Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Mizuho increased their price target on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JMP Securities restated a “market outperform” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, May 15th. Royal Bank of Canada increased their target price on shares of Alphabet from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group boosted their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $194.20.

Get Our Latest Research Report on Alphabet

Alphabet Profile

(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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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