Alphabet Inc. (NASDAQ:GOOGL) is Keybank National Association OH’s 9th Largest Position

Keybank National Association OH grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,359,455 shares of the information services provider’s stock after purchasing an additional 40,752 shares during the quarter. Alphabet makes up approximately 2.4% of Keybank National Association OH’s investment portfolio, making the stock its 9th largest position. Keybank National Association OH’s holdings in Alphabet were worth $635,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Pettinga Financial Advisors LLC lifted its stake in Alphabet by 10.1% in the third quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock worth $363,000 after acquiring an additional 201 shares during the period. Leeward Financial Partners LLC lifted its stake in Alphabet by 4.4% in the third quarter. Leeward Financial Partners LLC now owns 32,274 shares of the information services provider’s stock worth $5,353,000 after acquiring an additional 1,350 shares during the period. Garrison Asset Management LLC lifted its stake in Alphabet by 2.8% in the third quarter. Garrison Asset Management LLC now owns 3,977 shares of the information services provider’s stock worth $660,000 after acquiring an additional 107 shares during the period. PDS Planning Inc lifted its stake in Alphabet by 3.5% in the third quarter. PDS Planning Inc now owns 29,860 shares of the information services provider’s stock worth $4,952,000 after acquiring an additional 1,009 shares during the period. Finally, Quintet Private Bank Europe S.A. lifted its stake in Alphabet by 13.9% in the third quarter. Quintet Private Bank Europe S.A. now owns 587,363 shares of the information services provider’s stock worth $97,414,000 after acquiring an additional 71,651 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ruth Porat sold 17,690 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. This trade represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,048 shares of company stock worth $17,374,274 in the last quarter. Corporate insiders own 11.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GOOGL shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Citigroup reduced their target price on shares of Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Cantor Fitzgerald reduced their target price on shares of Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $225.00 target price on shares of Alphabet in a report on Wednesday, February 5th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.62.

Alphabet Trading Down 0.7 %

Alphabet stock opened at $164.29 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 12 month low of $146.08 and a 12 month high of $207.05. The stock’s 50 day simple moving average is $185.05 and its two-hundred day simple moving average is $176.58. The firm has a market cap of $2.00 trillion, a PE ratio of 20.41, a P/E/G ratio of 1.34 and a beta of 1.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 yield of 0.49%. Alphabet’s dividend payout ratio is presently 9.94%.

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.