Associated Banc Corp lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 736,632 shares of the information services provider's stock after selling 23,492 shares during the period. Alphabet accounts for 4.2% of Associated Banc Corp's portfolio, making the stock its 3rd largest position. Associated Banc Corp's holdings in Alphabet were worth $139,444,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Bennett Selby Investments LP grew its position in shares of Alphabet by 4.0% during the fourth quarter. Bennett Selby Investments LP now owns 1,354 shares of the information services provider's stock valued at $256,000 after purchasing an additional 52 shares in the last quarter. Macroview Investment Management LLC boosted its stake in Alphabet by 4.2% during the fourth quarter. Macroview Investment Management LLC now owns 1,293 shares of the information services provider's stock valued at $245,000 after buying an additional 52 shares during the last quarter. Conrad Siegel Investment Advisors Inc. grew its holdings in Alphabet by 0.5% during the 4th quarter. Conrad Siegel Investment Advisors Inc. now owns 9,845 shares of the information services provider's stock valued at $1,864,000 after buying an additional 53 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Alphabet by 2.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,381 shares of the information services provider's stock worth $457,000 after acquiring an additional 53 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in shares of Alphabet by 0.7% during the 4th quarter. Addison Advisors LLC now owns 7,527 shares of the information services provider's stock worth $1,425,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 40.03% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on GOOGL shares. Robert W. Baird reissued an "outperform" rating and issued a $205.00 target price on shares of Alphabet in a report on Tuesday, December 10th. Roth Mkm reiterated a "buy" rating and set a $220.00 price objective on shares of Alphabet in a research report on Wednesday, March 19th. Rosenblatt Securities restated a "neutral" rating and issued a $205.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Wells Fargo & Company increased their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Finally, DA Davidson lifted their price target on Alphabet from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $210.59.
View Our Latest Research Report on Alphabet
Insider Activity at Alphabet
In other news, CAO Amie Thuener O'toole sold 1,340 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at $3,606,723.84. This represents a 6.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company's stock, valued at $8,471,620.22. This represents a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,812 shares of company stock valued at $19,336,979 in the last ninety days. Company insiders own 11.55% of the company's stock.
Alphabet Stock Down 4.9 %
Alphabet stock traded down $7.91 during midday trading on Friday, reaching $154.33. The company's stock had a trading volume of 48,610,349 shares, compared to its average volume of 27,276,841. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05. The stock has a market capitalization of $1.88 trillion, a P/E ratio of 19.17, a PEG ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock's 50-day simple moving average is $179.66 and its 200-day simple moving average is $177.10.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating the consensus estimate of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. On average, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, March 10th. Alphabet's dividend payout ratio (DPR) is presently 9.94%.
Alphabet Profile
(
Free Report)
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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