Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Sunflower Bank N.A.

Sunflower Bank N.A. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,145 shares of the information services provider’s stock after acquiring an additional 552 shares during the period. Alphabet accounts for approximately 0.4% of Sunflower Bank N.A.’s holdings, making the stock its 29th biggest position. Sunflower Bank N.A.’s holdings in Alphabet were worth $1,542,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in GOOGL. Lantz Financial LLC raised its holdings in shares of Alphabet by 10.8% in the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after purchasing an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC bought a new stake in shares of Alphabet in the 2nd quarter worth approximately $218,000. Vance Wealth Inc. increased its position in shares of Alphabet by 4.0% in the second quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock worth $563,000 after acquiring an additional 119 shares in the last quarter. Private Wealth Strategies L.L.C. increased its position in shares of Alphabet by 3.4% in the second quarter. Private Wealth Strategies L.L.C. now owns 2,800 shares of the information services provider’s stock worth $510,000 after acquiring an additional 93 shares in the last quarter. Finally, Primoris Wealth Advisors LLC increased its position in shares of Alphabet by 36.9% in the second quarter. Primoris Wealth Advisors LLC now owns 6,585 shares of the information services provider’s stock worth $1,199,000 after acquiring an additional 1,775 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ:GOOGL opened at $191.01 on Tuesday. The stock has a market cap of $2.34 trillion, a P/E ratio of 25.33, a PEG ratio of 1.35 and a beta of 0.98. Alphabet Inc. has a one year low of $130.66 and a one year high of $201.42. The company has a fifty day moving average price of $183.05 and a 200 day moving average price of $172.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the prior year, the company earned $1.55 EPS. Analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued 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 (DPR) is presently 10.61%.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at approximately $4,516,745.58. The trade was a 4.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 153,053 shares of company stock valued at $27,559,701 in the last 90 days. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Truist Financial lifted their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $208.15.

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.