Bokf Na Has $60.68 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

BOKF NA trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 315,981 shares of the information services provider's stock after selling 1,773 shares during the period. Alphabet makes up about 1.0% of BOKF NA's holdings, making the stock its 19th biggest holding. BOKF NA's holdings in Alphabet were worth $60,681,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOGL. Compass Planning Associates Inc bought a new position in Alphabet in the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after buying an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at $39,000. PayPay Securities Corp boosted its holdings in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, Anderson Financial Strategies LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $49,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, April 16th. The shares were 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 owns 2,685,196 shares in the company, valued at $419,320,207.36. This represents a 1.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,824 shares of company stock valued at $25,086,603 over the last ninety days. Insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on GOOGL shares. Westpark Capital upgraded Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Tigress Financial lifted their price objective on Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a report on Wednesday, April 30th. BMO Capital Markets restated an "outperform" rating and set a $200.00 target price (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Stifel Nicolaus lowered their target price on Alphabet from $225.00 to $192.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. cut their price target on Alphabet from $220.00 to $180.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $199.46.

Alphabet Trading Down 7.3 %

GOOGL stock traded down $11.86 during trading on Wednesday, reaching $151.38. 127,431,655 shares of the stock traded hands, compared to its average volume of 28,562,681. The firm has a market capitalization of $1.84 trillion, a PE ratio of 18.80, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The business's 50 day moving average price is $159.54 and its 200-day moving average price is $175.25.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period last year, the business earned $1.89 EPS. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.55%. Alphabet's payout ratio is 9.36%.

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.