Alphabet Inc. $GOOG Shares Sold by First Bank & Trust

Key Points

• First Bank & Trust reduced its holdings in Alphabet Inc. by 16.5%, owning 22,039 shares valued at approximately $3.91 million after selling 4,363 shares in the second quarter.
• Several institutional investors have significantly increased their stakes in Alphabet, including GAMMA Investing, which boosted its position by 18,562.3% to own more than 14 million shares.
• Alphabet announced a quarterly dividend of $0.21 per share, resulting in an annualized yield of 0.3%, and reported quarterly earnings that surpassed expectations with $2.31 earnings per share.

First Bank & Trust reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,039 shares of the information services provider's stock after selling 4,363 shares during the quarter. First Bank & Trust's holdings in Alphabet were worth $3,909,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GOOG. JDM Financial Group LLC grew its position in shares of Alphabet by 10.6% in the 4th quarter. JDM Financial Group LLC now owns 593 shares of the information services provider's stock worth $113,000 after buying an additional 57 shares during the last quarter. NCM Capital Management LLC lifted its holdings in shares of Alphabet by 2.2% during the 1st quarter. NCM Capital Management LLC now owns 2,802 shares of the information services provider's stock valued at $438,000 after purchasing an additional 60 shares during the last quarter. Legacy Private Trust Co. lifted its holdings in shares of Alphabet by 0.6% during the 2nd quarter. Legacy Private Trust Co. now owns 9,956 shares of the information services provider's stock valued at $1,766,000 after purchasing an additional 60 shares during the last quarter. Faithward Advisors LLC lifted its holdings in shares of Alphabet by 2.5% during the 1st quarter. Faithward Advisors LLC now owns 2,505 shares of the information services provider's stock valued at $391,000 after purchasing an additional 61 shares during the last quarter. Finally, Objectivity Squared LLC increased its position in Alphabet by 0.4% during the 1st quarter. Objectivity Squared LLC now owns 16,342 shares of the information services provider's stock valued at $2,605,000 after buying an additional 62 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares in the company, valued at $598,149,304. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,088 shares of company stock valued at $52,405,304. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of GOOG stock traded up $2.91 on Friday, reaching $255.24. 41,503,403 shares of the company were exchanged, compared to its average volume of 24,489,492. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 1.70 and a beta of 1.01. The business has a 50-day moving average price of $210.08 and a 200 day moving average price of $181.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $256.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.67 billion. During the same period in the previous year, the firm posted $1.89 EPS. Alphabet's revenue was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is presently 8.95%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GOOG. The Goldman Sachs Group restated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research note on Monday, June 2nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Alphabet in a report on Wednesday, July 9th. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 26th. KeyCorp set a $265.00 target price on Alphabet in a research report on Wednesday, September 3rd. Finally, Scotiabank upped their target price on Alphabet from $200.00 to $240.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Alphabet has a consensus rating of "Moderate Buy" and an average target price of $227.56.

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.