Alphabet Inc. (NASDAQ:GOOGL) Stock Position Lowered by Security National Bank of Sioux City Iowa IA

Security National Bank of Sioux City Iowa IA trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,943 shares of the information services provider’s stock after selling 1,001 shares during the period. Alphabet makes up about 3.0% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 4th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Alphabet were worth $4,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock valued at $10,559,240,000 after buying an additional 4,567,275 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in Alphabet by 0.9% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider’s stock valued at $4,455,000 after acquiring an additional 207 shares in the last quarter. Wealth Group Ltd. lifted its stake in Alphabet by 5.2% in the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock worth $299,000 after acquiring an additional 78 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Alphabet by 10.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,262 shares of the information services provider’s stock valued at $428,000 after purchasing an additional 214 shares during the last quarter. Finally, GSG Advisors LLC increased its position in shares of Alphabet by 2.4% in the 4th quarter. GSG Advisors LLC now owns 6,602 shares of the information services provider’s stock valued at $1,250,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $163.96 on Friday. 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 Inc. has a one year low of $140.53 and a one year high of $207.05. The firm has a market capitalization of $1.99 trillion, a P/E ratio of 20.37, a PEG ratio of 1.34 and a beta of 1.01. The company’s fifty day moving average is $158.17 and its two-hundred day moving average is $175.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the firm earned $1.89 earnings per share. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.51%. Alphabet’s payout ratio is 9.36%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Alphabet in a report on Tuesday, May 6th. Piper Sandler boosted their target price on Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research note on Thursday, February 6th. Finally, BMO Capital Markets restated an “outperform” rating and set a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Ten 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 company’s stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $199.75.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 29,066 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares of the company’s stock, valued at $50,376,238.74. The trade was a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,324 shares of company stock worth $30,153,353 in the last quarter. Company insiders own 11.64% of the company’s stock.

About Alphabet

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.