2,298 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Finward Bancorp

Finward Bancorp acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,298 shares of the information services provider's stock, valued at approximately $435,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Alphabet in the fourth quarter worth $24,383,677,000. FMR LLC increased its holdings in shares of Alphabet by 9.8% in the 4th quarter. FMR LLC now owns 248,416,916 shares of the information services provider's stock valued at $47,025,322,000 after purchasing an additional 22,100,902 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Alphabet by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 66,050,135 shares of the information services provider's stock valued at $12,503,291,000 after purchasing an additional 9,042,271 shares during the period. Proficio Capital Partners LLC boosted its holdings in Alphabet by 20,990.0% during the fourth quarter. Proficio Capital Partners LLC now owns 6,186,748 shares of the information services provider's stock worth $1,171,151,000 after buying an additional 6,157,413 shares in the last quarter. Finally, Amundi grew its position in Alphabet by 18.7% during the fourth quarter. Amundi now owns 29,866,698 shares of the information services provider's stock worth $5,792,317,000 after buying an additional 4,694,621 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of Alphabet stock in a transaction that occurred 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 directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This trade represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,163 shares of company stock valued at $25,361,647 over the last three months. 11.55% of the stock is owned by insiders.

Alphabet Stock Up 1.7 %

GOOGL traded up $2.55 during trading hours on Wednesday, reaching $154.02. 14,304,841 shares of the stock traded hands, compared to its average volume of 28,253,866. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a market cap of $1.88 trillion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.34 and a beta of 1.03. 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 firm's fifty day simple moving average is $163.72 and its two-hundred day simple moving average is $175.61.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 0.52%. Alphabet's payout ratio is 9.94%.

Wall Street Analyst Weigh In

GOOGL has been the topic of several research analyst reports. Jefferies Financial Group decreased their price target on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Roth Mkm reissued a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $205.00 price target on shares of Alphabet in a research note on Wednesday, March 19th. UBS Group set a $190.00 price objective on shares of Alphabet in a research note on Thursday, March 27th. Finally, Wells Fargo & Company cut their target price on shares of Alphabet from $184.00 to $167.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $199.90.

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.