NBT Bank N A NY Has $25.01 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

NBT Bank N A NY decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,739 shares of the information services provider's stock after selling 5,428 shares during the quarter. Alphabet makes up 1.8% of NBT Bank N A NY's investment portfolio, making the stock its 6th biggest holding. NBT Bank N A NY's holdings in Alphabet were worth $25,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Planning Associates Inc bought a new stake in shares of Alphabet in the 4th quarter valued at $30,000. PayPay Securities Corp lifted its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after buying an additional 65 shares during the period. Anderson Financial Strategies LLC bought a new stake in Alphabet during the fourth quarter valued at $49,000. Navigoe LLC bought a new stake in Alphabet during the fourth quarter valued at $51,000. Finally, Prudent Man Investment Management Inc. acquired a new stake in Alphabet during the 4th quarter worth about $53,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $173.32 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average price is $164.58 and its 200-day moving average price is $174.75. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a market cap of $2.10 trillion, a PE ratio of 19.32, a PEG ratio of 1.11 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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. The company had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same quarter last year, the company posted $1.89 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's payout ratio is presently 9.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Oppenheimer increased their price target on Alphabet from $185.00 to $200.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Jefferies Financial Group cut their target price on shares of Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. 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 report on Tuesday, April 8th. Roth Mkm reiterated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Finally, Cantor Fitzgerald reduced their target price on Alphabet from $200.00 to $159.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $199.75.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction 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 transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director now owns 261,966 shares of the company's stock, valued at $45,844,050. This trade represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,570 shares of company stock worth $32,003,532. 11.64% of the stock is owned by insiders.

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.

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