CoreFirst Bank & Trust Acquires Shares of 1,890 Alphabet Inc. (NASDAQ:GOOG)

CoreFirst Bank & Trust acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,890 shares of the information services provider's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Alphabet by 2.5% in the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock worth $1,843,149,000 after purchasing an additional 264,962 shares during the period. Advisors Asset Management Inc. raised its position in shares of Alphabet by 7.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 13,526 shares of the information services provider's stock valued at $2,261,000 after buying an additional 909 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Alphabet by 1.2% during the 3rd quarter. Penserra Capital Management LLC now owns 12,240 shares of the information services provider's stock worth $2,046,000 after acquiring an additional 147 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Alphabet by 2.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 70,572 shares of the information services provider's stock worth $11,799,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in Alphabet by 62.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 157,622 shares of the information services provider's stock valued at $26,351,000 after acquiring an additional 60,325 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

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Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the completion of the transaction, the director now owns 272,466 shares in the company, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares of the company's stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,048 shares of company stock worth $17,374,274 over the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 1.1 %

Shares of GOOG stock traded down $1.85 during trading hours on Thursday, hitting $165.29. 9,147,210 shares of the company were exchanged, compared to its average volume of 17,813,712. The company has a 50 day simple moving average of $182.96 and a two-hundred day simple moving average of $178.36. The firm has a market cap of $2.01 trillion, a P/E ratio of 20.58, a P/E/G ratio of 1.34 and a beta of 1.03. 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 fifty-two week low of $148.20 and a fifty-two week high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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%. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.48%. Alphabet's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Wedbush reissued an "outperform" rating and set a $220.00 target price on shares of Alphabet in a research note on Thursday, January 30th. Scotiabank raised their price target on shares of Alphabet from $212.00 to $240.00 and gave the company a "sector outperform" rating in a research note on Friday, January 24th. Citizens Jmp downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $209.13.

Alphabet 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.