Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 476,053 shares of the information services provider's stock after selling 40,759 shares during the quarter. Alphabet makes up approximately 2.5% of Stock Yards Bank & Trust Co.'s holdings, making the stock its 7th biggest holding. Stock Yards Bank & Trust Co.'s holdings in Alphabet were worth $78,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc grew its position in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock worth $26,000 after acquiring an additional 60 shares during the last quarter. LMR Partners LLP acquired a new position in Alphabet during the 3rd quarter valued at about $32,000. Kings Path Partners LLC bought a new position in Alphabet in the 2nd quarter worth about $36,000. Denver PWM LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $41,000. Finally, Quarry LP bought a new stake in shares of Alphabet during the second quarter valued at approximately $53,000. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 1.5 %

Shares of NASDAQ:GOOGL traded up $2.90 during midday trading on Friday, hitting $191.41. 62,697,719 shares of the stock were exchanged, compared to its average volume of 27,725,518. The company has a market capitalization of $2.34 trillion, a PE ratio of 25.39, a P/E/G ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The business's fifty day simple moving average is $174.55 and its two-hundred day simple moving average is $171.33.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same period last year, the business earned $1.55 EPS. As a group, research analysts predict that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet's dividend payout ratio is 10.61%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 700 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the sale, the director now directly owns 27,824 shares in the company, valued at approximately $4,590,960. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 16,802 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $165.47, for a total value of $2,780,226.94. Following the transaction, the insider now owns 43,999 shares in the company, valued at approximately $7,280,514.53. This trade represents a 27.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 178,957 shares of company stock worth $31,358,687 in the last 90 days. 11.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GOOGL shares. Piper Sandler reissued an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Royal Bank of Canada raised their price target on Alphabet from $204.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $212.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday. Roth Mkm raised their target price on shares of Alphabet from $206.00 to $212.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, KeyCorp upped their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.69.

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.