Alphabet Inc. (NASDAQ:GOOGL) is Stock Yards Bank & Trust Co.’s 6th Largest Position

Stock Yards Bank & Trust Co. raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535,521 shares of the information services provider’s stock after purchasing an additional 21,490 shares during the period. Alphabet makes up approximately 2.7% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 6th largest holding. Stock Yards Bank & Trust Co.’s holdings in Alphabet were worth $80,826,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Alphabet by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 493,810,251 shares of the information services provider’s stock valued at $68,980,354,000 after buying an additional 6,374,756 shares during the period. Norges Bank bought a new stake in Alphabet during the 4th quarter valued at about $15,441,917,000. Fisher Asset Management LLC lifted its stake in shares of Alphabet by 3.4% in the fourth quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock worth $6,316,902,000 after buying an additional 1,472,043 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Alphabet by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,910,194 shares of the information services provider’s stock worth $4,876,605,000 after acquiring an additional 874,919 shares during the last quarter. Finally, Capital International Investors lifted its position in Alphabet by 2.3% in the 4th quarter. Capital International Investors now owns 30,408,933 shares of the information services provider’s stock valued at $4,247,868,000 after acquiring an additional 686,514 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 2.4 %

Shares of GOOGL stock traded up $4.44 on Friday, hitting $190.26. 11,092,577 shares of the stock traded hands, compared to its average volume of 28,280,154. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $190.71. The firm’s 50-day moving average price is $175.05 and its two-hundred day moving average price is $155.60. The stock has a market capitalization of $2.35 trillion, a PE ratio of 29.05, a PEG ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. During the same period in the previous year, the company posted $1.17 EPS. As a group, analysts anticipate that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s payout ratio is currently 12.27%.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,880,764.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $166.67, for a total transaction of $113,668.94. Following the sale, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,880,764.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,788 shares of company stock worth $21,143,403. Insiders own 11.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup boosted their price target on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Barclays increased their price target on Alphabet from $173.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Bank of America reiterated a “buy” rating and issued a $200.00 target price on shares of Alphabet in a research note on Tuesday, June 11th. Finally, Argus upped their price target on shares of Alphabet from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $193.66.

Alphabet Company 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.