Stock Yards Bank & Trust Co. Has $73.12 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Stock Yards Bank & Trust Co. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,855 shares of the information services provider's stock after purchasing an additional 3,031 shares during the quarter. Alphabet comprises approximately 2.6% of Stock Yards Bank & Trust Co.'s investment portfolio, making the stock its 7th biggest position. Stock Yards Bank & Trust Co.'s holdings in Alphabet were worth $73,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealth Group Ltd. boosted its stake in shares of Alphabet by 5.2% in the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock valued at $299,000 after buying an additional 78 shares during the period. Capital & Planning LLC raised its holdings in Alphabet by 34.3% in the 4th quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock valued at $830,000 after acquiring an additional 1,119 shares in the last quarter. Eagle Capital Management LLC lifted its position in shares of Alphabet by 0.7% during the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after acquiring an additional 371 shares during the period. Brighton Jones LLC grew its holdings in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Alphabet during the 4th quarter worth $154,716,000. 40.03% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the completion of the transaction, the director now directly owns 261,966 shares of the company's stock, valued at $45,844,050. This represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 195,570 shares of company stock valued at $32,003,532 over the last three months. Corporate insiders own 11.64% of the company's stock.

Alphabet Stock Up 1.2%

Alphabet stock traded up $2.10 during trading on Monday, hitting $176.77. 27,312,231 shares of the company were exchanged, compared to its average volume of 35,650,289. The company has a market capitalization of $2.15 trillion, a P/E ratio of 21.96, a PEG ratio of 1.34 and a beta of 1.01. The business's 50 day moving average is $162.89 and its 200 day moving average is $174.68. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the prior year, the business posted $1.89 EPS. Analysts predict that Alphabet Inc. will post 8.9 earnings per share 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 given a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Analysts Set New Price Targets

Several research firms recently weighed in on GOOGL. JPMorgan Chase & Co. cut their price objective on shares of Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus reduced their target price on Alphabet from $225.00 to $192.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Susquehanna lowered their price target on Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Citigroup lifted their target price on Alphabet from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, Tigress Financial raised their price target on shares of Alphabet from $220.00 to $240.00 and gave the company a "strong-buy" rating in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $199.75.

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.