Heartland Bank & Trust Co Sells 973 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Heartland Bank & Trust Co reduced its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,303 shares of the information services provider’s stock after selling 973 shares during the period. Alphabet comprises about 3.6% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 6th largest holding. Heartland Bank & Trust Co’s holdings in Alphabet were worth $6,684,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Security Advisor Inc. boosted its stake in shares of Alphabet by 2.1% during the 1st quarter. Financial Security Advisor Inc. now owns 31,416 shares of the information services provider’s stock worth $4,742,000 after buying an additional 635 shares during the last quarter. Quattro Financial Advisors LLC boosted its position in Alphabet by 48,200.7% during the first quarter. Quattro Financial Advisors LLC now owns 67,621 shares of the information services provider’s stock valued at $10,206,000 after purchasing an additional 67,481 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. boosted its position in Alphabet by 0.8% during the first quarter. Dixon Mitchell Investment Counsel Inc. now owns 754,624 shares of the information services provider’s stock valued at $113,895,000 after purchasing an additional 6,290 shares during the last quarter. Shira Ridge Wealth Management grew its stake in Alphabet by 2.4% in the first quarter. Shira Ridge Wealth Management now owns 5,481 shares of the information services provider’s stock valued at $827,000 after purchasing an additional 128 shares in the last quarter. Finally, Nvest Financial LLC increased its position in shares of Alphabet by 1.4% during the 1st quarter. Nvest Financial LLC now owns 26,751 shares of the information services provider’s stock worth $4,038,000 after purchasing an additional 370 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. Truist Financial raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Scotiabank upgraded shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Tigress Financial lifted their price target on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a report on Thursday, September 26th. JMP Securities raised their price objective on Alphabet from $200.00 to $220.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their target price on Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.51.

Alphabet Stock Up 0.1 %

NASDAQ GOOGL opened at $171.29 on Monday. The business has a fifty day moving average price of $162.43 and a two-hundred day moving average price of $169.10. The stock has a market capitalization of $2.11 trillion, a PE ratio of 22.72, a PEG ratio of 1.23 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $126.93 and a fifty-two week high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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 business had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the prior year, the company earned $1.55 EPS. Equities analysts expect that Alphabet Inc. will post 7.91 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet’s payout ratio is currently 10.61%.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total transaction of $109,420.08. Following the sale, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.44, for a total value of $109,420.08. Following the completion of the transaction, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the sale, the insider now owns 39,334 shares in the company, valued at approximately $6,307,206.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 230,244 shares of company stock valued at $37,776,954. 11.55% of the stock is owned by insiders.

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.