Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 49,452 shares of the information services provider’s stock after purchasing an additional 393 shares during the quarter. Alphabet accounts for approximately 1.8% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 14th biggest holding. Community Bank & Trust Waco Texas’ holdings in Alphabet were worth $8,202,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in Alphabet by 70.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 101,230 shares of the information services provider’s stock worth $15,279,000 after buying an additional 41,880 shares during the period. Quent Capital LLC increased its stake in shares of Alphabet by 3.6% in the first quarter. Quent Capital LLC now owns 31,171 shares of the information services provider’s stock worth $4,705,000 after acquiring an additional 1,072 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in shares of Alphabet in the first quarter worth $382,000. Leelyn Smith LLC raised its holdings in shares of Alphabet by 209.8% during the first quarter. Leelyn Smith LLC now owns 37,995 shares of the information services provider’s stock worth $5,735,000 after purchasing an additional 25,730 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in Alphabet in the first quarter valued at $4,635,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL stock opened at $169.12 on Wednesday. Alphabet Inc. has a 1 year low of $127.90 and a 1 year 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 1.95. The firm has a market capitalization of $2.07 trillion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.03. The business has a 50 day simple moving average of $168.03 and a 200-day simple moving average of $170.35.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating 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 company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the business earned $1.55 EPS. Equities research analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s payout ratio is currently 10.61%.

Insider Buying and Selling at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the transaction, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total transaction of $109,420.08. Following the completion of the sale, the chief accounting officer now owns 32,017 shares in the company, valued at approximately $5,136,807.48. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,795 shares of company stock worth $34,673,866 in the last ninety days. 11.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GOOGL. Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. DA Davidson initiated coverage on Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price target for the company. Scotiabank upgraded Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Truist Financial lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Roth Mkm increased their price target on shares of Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $205.90.

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.