Bremer Bank National Association Sells 320 Shares of Alphabet Inc. (NASDAQ:GOOG)

Bremer Bank National Association lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,401 shares of the information services provider’s stock after selling 320 shares during the quarter. Bremer Bank National Association’s holdings in Alphabet were worth $2,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlueSky Wealth Advisors LLC grew its stake in shares of Alphabet by 2.4% in the 4th quarter. BlueSky Wealth Advisors LLC now owns 31,063 shares of the information services provider’s stock worth $5,916,000 after acquiring an additional 726 shares in the last quarter. Strong Tower Advisory Services grew its position in Alphabet by 3.1% in the 4th quarter. Strong Tower Advisory Services now owns 3,383 shares of the information services provider’s stock worth $644,000 after purchasing an additional 103 shares in the last quarter. Wealth Management Partners LLC increased its stake in Alphabet by 0.6% in the 4th quarter. Wealth Management Partners LLC now owns 18,946 shares of the information services provider’s stock valued at $3,608,000 after buying an additional 115 shares during the last quarter. Community Bank of Raymore lifted its position in shares of Alphabet by 106.4% during the 4th quarter. Community Bank of Raymore now owns 4,809 shares of the information services provider’s stock worth $916,000 after buying an additional 2,479 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its stake in shares of Alphabet by 55.6% in the 4th quarter. Thrive Wealth Management LLC now owns 35,387 shares of the information services provider’s stock worth $6,739,000 after buying an additional 12,650 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group increased their price target on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Scotiabank began coverage on shares of Alphabet in a research report on Friday, October 11th. They issued a “sector outperform” rating and a $212.00 price objective on the stock. Finally, Oppenheimer increased their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $200.56.

Alphabet Stock Up 1.1 %

GOOG stock opened at $199.63 on Wednesday. The stock has a 50-day simple moving average of $186.23 and a two-hundred day simple moving average of $174.83. Alphabet Inc. has a twelve month low of $131.55 and a twelve month high of $203.84. The firm has a market capitalization of $2.44 trillion, a PE ratio of 26.48, a PEG ratio of 1.25 and a beta of 0.99. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. Alphabet’s revenue was up 15.1% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date was Monday, December 9th. Alphabet’s dividend payout ratio is 10.61%.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. The trade was a 12.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,387 shares of company stock worth $24,368,654 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

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.