Alphabet Inc. (NASDAQ:GOOGL) is Central Bank & Trust Co.'s 7th Largest Position

Central Bank & Trust Co. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,264 shares of the information services provider's stock after selling 2,997 shares during the quarter. Alphabet makes up 2.3% of Central Bank & Trust Co.'s holdings, making the stock its 7th biggest position. Central Bank & Trust Co.'s holdings in Alphabet were worth $16,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc increased its holdings in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after buying an additional 60 shares during the last quarter. Kings Path Partners LLC bought a new position in shares of Alphabet in the 2nd quarter worth $36,000. Denver PWM LLC bought a new position in shares of Alphabet in the 2nd quarter worth $41,000. Quarry LP bought a new position in shares of Alphabet in the 2nd quarter worth $53,000. Finally, Summit Securities Group LLC bought a new position in shares of Alphabet in the 2nd quarter worth $55,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.6 %

GOOGL stock traded up $2.81 during trading on Monday, hitting $175.30. The company had a trading volume of 19,429,254 shares, compared to its average volume of 27,110,707. The firm has a market capitalization of $2.15 trillion, a P/E ratio of 23.16, a PEG ratio of 1.23 and a beta of 1.03. Alphabet Inc. has a 52-week low of $127.90 and a 52-week high of $191.75. The company has a 50 day simple moving average of $165.61 and a 200-day simple moving average of $170.22. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, research analysts forecast that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%. Alphabet's payout ratio is currently 10.61%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at $59,741,643.48. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,795 shares of company stock valued at $34,471,141 over the last 90 days. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

GOOGL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Roth Mkm lifted their target price on shares of Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. China Renaissance upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

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.