Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by American National Bank & Trust

American National Bank & Trust raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 21.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,963 shares of the information services provider's stock after acquiring an additional 1,951 shares during the quarter. American National Bank & Trust's holdings in Alphabet were worth $1,713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOG. Fiduciary Advisors Inc. acquired a new position in Alphabet in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new stake in Alphabet during the fourth quarter worth approximately $27,000. WealthTrak Capital Management LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Alphabet during the 4th quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet in the fourth quarter worth about $43,000. Institutional investors own 27.26% of the company's stock.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the sale, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. The trade was a 2.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,270 shares of company stock worth $26,553,563. Insiders own 12.99% of the company's stock.

Alphabet Stock Up 0.5%

Shares of NASDAQ GOOG traded up $0.86 during midday trading on Wednesday, reaching $168.57. 10,338,675 shares of the company's stock traded hands, compared to its average volume of 23,105,379. The company has a market cap of $2.05 trillion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.34 and a beta of 1.01. 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 one year low of $142.66 and a one year high of $208.70. The stock's 50 day simple moving average is $161.02 and its 200-day simple moving average is $176.18.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The company had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.50%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is currently 9.36%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GOOG. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Rosenblatt Securities upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Susquehanna reiterated a "positive" rating on shares of Alphabet in a research note on Friday, May 2nd. Westpark Capital restated a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Finally, KeyCorp reduced their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $204.88.

Alphabet 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.