Community Bank N.A. Acquires 2,790 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Community Bank N.A. raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,173 shares of the information services provider's stock after buying an additional 2,790 shares during the quarter. Alphabet comprises approximately 1.1% of Community Bank N.A.'s portfolio, making the stock its 21st biggest position. Community Bank N.A.'s holdings in Alphabet were worth $8,741,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GOOGL. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Alphabet in the fourth quarter worth about $39,000. PayPay Securities Corp lifted its position in Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Denver PWM LLC boosted its position in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after buying an additional 57 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total transaction of $550,702.88. Following the sale, the chief accounting officer now directly owns 17,847 shares of the company's stock, valued at $3,468,029.04. The trade was a 13.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 11,764 shares of Alphabet stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the transaction, the insider now owns 49,037 shares of the company's stock, valued at approximately $8,181,333.08. This trade represents a 19.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,297 shares of company stock valued at $15,936,270 in the last three months. Corporate insiders own 11.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GOOGL shares. Wells Fargo & Company decreased their target price on Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research report on Monday. Citizens Jmp cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. UBS Group set a $190.00 price objective on shares of Alphabet in a research report on Thursday, March 27th. DZ Bank downgraded shares of Alphabet from a "buy" rating to a "hold" rating and set a $198.00 target price for the company. in a research report on Thursday, February 6th. Finally, Wedbush boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research note on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $209.13.

Alphabet Price Performance

Shares of NASDAQ:GOOGL traded down $5.12 during mid-day trading on Friday, reaching $145.60. The stock had a trading volume of 62,087,453 shares, compared to its average volume of 27,608,267. The business's 50 day moving average price is $176.24 and its 200 day moving average price is $176.77. Alphabet Inc. has a 1 year low of $144.48 and a 1 year high of $207.05. The company has a market cap of $1.77 trillion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.55%. Alphabet's dividend payout ratio (DPR) is currently 9.94%.

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.