Bank & Trust Co Sells 152 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bank & Trust Co lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,309 shares of the information services provider’s stock after selling 152 shares during the period. Alphabet makes up approximately 2.3% of Bank & Trust Co’s holdings, making the stock its 8th biggest position. Bank & Trust Co’s holdings in Alphabet were worth $2,709,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Lantz Financial LLC lifted its stake in shares of Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after buying an additional 452 shares during the period. Spectrum Wealth Advisory Group LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth approximately $218,000. Vance Wealth Inc. increased its position in shares of Alphabet by 4.0% during the second quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock valued at $563,000 after purchasing an additional 119 shares during the period. Tobam lifted its position in Alphabet by 64.3% in the second quarter. Tobam now owns 24,833 shares of the information services provider’s stock worth $4,523,000 after purchasing an additional 9,718 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its stake in Alphabet by 2.7% during the second quarter. Nations Financial Group Inc. IA ADV now owns 71,115 shares of the information services provider’s stock worth $12,954,000 after buying an additional 1,876 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. This represents a 12.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. This trade represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,887 shares of company stock valued at $27,996,356. Company insiders own 11.55% of the company’s stock.

Alphabet Trading Down 0.4 %

Shares of NASDAQ:GOOGL traded down $0.79 during trading on Tuesday, reaching $196.08. The stock had a trading volume of 12,391,346 shares, compared to its average volume of 19,943,508. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $2.40 trillion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.35 and a beta of 0.98. The firm’s fifty day moving average is $180.84 and its 200 day moving average is $172.60. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, equities analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GOOGL. DA Davidson started coverage on Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price objective on the stock. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. JMP Securities lowered shares of Alphabet from an “outperform” rating to a “market perform” rating and set a $220.00 price objective for the company. in a report on Thursday, January 2nd. Roth Mkm increased their price objective on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $206.82.

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.