Community Bank & Trust Waco Texas Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Community Bank & Trust Waco Texas increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,928 shares of the information services provider’s stock after buying an additional 3,147 shares during the quarter. Alphabet accounts for about 1.7% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 17th largest position. Community Bank & Trust Waco Texas’ holdings in Alphabet were worth $6,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meritage Group LP lifted its position in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after acquiring an additional 276 shares during the period. Macroview Investment Management LLC lifted its position in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock worth $42,000 after acquiring an additional 199 shares during the period. Armor Investment Advisors LLC lifted its position in Alphabet by 31.0% during the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after acquiring an additional 80 shares during the period. Valued Wealth Advisors LLC acquired a new stake in Alphabet during the 4th quarter worth about $55,000. Finally, LFA Lugano Financial Advisors SA lifted its position in Alphabet by 301.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after acquiring an additional 392 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL stock opened at $163.86 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The business has a 50 day simple moving average of $149.22 and a 200-day simple moving average of $141.95. The firm has a market capitalization of $2.04 trillion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.05. Alphabet Inc. has a 1 year low of $103.71 and a 1 year high of $174.71.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same period in the prior year, the business posted $1.17 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 7.49 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.49%.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 275,129 shares of company stock worth $40,382,765. Company insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GOOGL. Loop Capital boosted their price objective on Alphabet from $155.00 to $170.00 and gave the company a “hold” rating in a report on Wednesday. Argus boosted their price objective on Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday. Canaccord Genuity Group boosted their price objective on Alphabet from $190.00 to $210.00 and gave the company a “buy” rating in a report on Friday, April 26th. KeyCorp boosted their price objective on Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Susquehanna boosted their price objective on Alphabet from $170.00 to $225.00 and gave the company a “positive” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

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.