Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Bokf Na

Bokf Na increased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,488 shares of the information services provider's stock after purchasing an additional 1,658 shares during the period. Alphabet accounts for about 1.1% of Bokf Na's investment portfolio, making the stock its 17th biggest holding. Bokf Na's holdings in Alphabet were worth $64,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Norges Bank acquired a new position in Alphabet in the fourth quarter valued at approximately $5,166,070,000. Raymond James Financial Inc. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $1,551,533,000. Northern Trust Corp lifted its holdings in shares of Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock worth $10,873,751,000 after purchasing an additional 7,917,625 shares during the last quarter. GQG Partners LLC boosted its position in Alphabet by 181,679.1% during the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after purchasing an additional 7,221,746 shares during the period. Finally, Capital International Investors grew its stake in Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock worth $17,376,706,000 after buying an additional 5,758,244 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the transaction, the chief executive officer now directly owns 2,685,196 shares of the company's stock, valued at approximately $419,320,207.36. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the sale, the insider now owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,824 shares of company stock worth $25,086,603 over the last quarter. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 0.1 %

Shares of NASDAQ GOOG opened at $166.05 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70. The company has a market cap of $2.02 trillion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 1.34 and a beta of 1.01. The business has a fifty day simple moving average of $162.07 and a 200-day simple moving average of $177.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The business's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet's payout ratio is 9.36%.

Analysts Set New Price Targets

GOOG has been the subject of several recent research reports. Morgan Stanley restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, February 5th. UBS Group decreased their target price on shares of Alphabet from $209.00 to $173.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wedbush reaffirmed an "outperform" rating and set a $220.00 price target on shares of Alphabet in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on Alphabet from $180.00 to $195.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Westpark Capital reaffirmed a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

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.

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