Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by First National Bank Sioux Falls

First National Bank Sioux Falls raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,007 shares of the information services provider's stock after buying an additional 1,848 shares during the period. Alphabet accounts for 0.8% of First National Bank Sioux Falls' investment portfolio, making the stock its 26th biggest holding. First National Bank Sioux Falls' holdings in Alphabet were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC lifted its stake in shares of Alphabet by 3.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 56,875 shares of the information services provider's stock valued at $8,795,000 after buying an additional 2,117 shares in the last quarter. Requisite Capital Management LLC increased its position in shares of Alphabet by 100.2% during the first quarter. Requisite Capital Management LLC now owns 4,672 shares of the information services provider's stock valued at $722,000 after buying an additional 2,338 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Alphabet by 41.3% in the first quarter. Harbor Capital Advisors Inc. now owns 106,535 shares of the information services provider's stock worth $16,475,000 after buying an additional 31,124 shares in the last quarter. Regatta Capital Group LLC lifted its holdings in shares of Alphabet by 1.6% in the first quarter. Regatta Capital Group LLC now owns 69,422 shares of the information services provider's stock worth $10,735,000 after buying an additional 1,082 shares in the last quarter. Finally, Parisi Gray Wealth Management boosted its holdings in Alphabet by 8.7% in the 1st quarter. Parisi Gray Wealth Management now owns 38,122 shares of the information services provider's stock valued at $5,895,000 after purchasing an additional 3,061 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of Alphabet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 11,764 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the transaction, the insider now directly owns 49,037 shares of the company's stock, valued at $8,181,333.08. The trade was a 19.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 195,570 shares of company stock valued at $32,003,532 over the last quarter. Company insiders own 11.64% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on GOOGL. BMO Capital Markets reiterated 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. Needham & Company LLC reissued a "buy" rating and issued a $178.00 target price on shares of Alphabet in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target 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. Roth Mkm reiterated a "buy" rating and set a $220.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. Finally, DA Davidson dropped their price target on Alphabet from $200.00 to $160.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.75.

Alphabet Trading Down 0.7%

Shares of GOOGL stock traded down $1.24 on Thursday, hitting $176.11. 9,794,004 shares of the stock traded hands, compared to its average volume of 30,313,061. The firm's 50-day moving average price is $161.71 and its two-hundred day moving average price is $174.51. The stock has a market capitalization of $2.14 trillion, a PE ratio of 21.88, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $207.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is currently 9.36%.

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.