German American Bancorp Inc. Has $38.65 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

German American Bancorp Inc. boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,185 shares of the information services provider's stock after purchasing an additional 2,211 shares during the quarter. Alphabet comprises 4.0% of German American Bancorp Inc.'s holdings, making the stock its 7th biggest position. German American Bancorp Inc.'s holdings in Alphabet were worth $38,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sandhill Capital Partners LLC acquired a new position in shares of Alphabet during the fourth quarter valued at $219,000. Peachtree Investment Partners LLC increased its stake in Alphabet by 6.2% during the 4th quarter. Peachtree Investment Partners LLC now owns 4,729 shares of the information services provider's stock valued at $895,000 after buying an additional 277 shares during the period. Shelton Capital Management raised its position in shares of Alphabet by 1.0% during the 4th quarter. Shelton Capital Management now owns 520,721 shares of the information services provider's stock worth $98,572,000 after buying an additional 4,983 shares in the last quarter. Southeast Asset Advisors LLC lifted its stake in shares of Alphabet by 20.5% in the 4th quarter. Southeast Asset Advisors LLC now owns 10,099 shares of the information services provider's stock worth $1,912,000 after acquiring an additional 1,719 shares during the period. Finally, Krane Funds Advisors LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $409,000. 40.03% of the stock is owned by institutional investors and hedge funds.

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Alphabet Stock Performance

Shares of Alphabet stock traded down $3.04 on Wednesday, reaching $153.27. The stock had a trading volume of 20,614,040 shares, compared to its average volume of 28,220,770. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business's 50-day moving average price is $167.17 and its two-hundred day moving average price is $176.14. The stock has a market cap of $1.87 trillion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05.

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

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $0.20 dividend. 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 dividend payout ratio is 9.94%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GOOGL shares. JMP Securities reaffirmed a "market perform" rating on shares of Alphabet in a research note on Thursday, April 10th. Wells Fargo & Company lowered their target price on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. Wolfe Research increased their price objective on Alphabet from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Westpark Capital upgraded Alphabet to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, KeyCorp dropped their price target on Alphabet from $220.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $202.46.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 200 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $161.90, for a total transaction of $32,380.00. Following the transaction, the director now directly owns 7,613 shares in the company, valued at $1,232,544.70. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O'toole sold 673 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the transaction, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,663 shares of company stock valued at $20,286,447. 11.55% of the stock is owned by company insiders.

About Alphabet

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.