Bank OZK Sells 949 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Bank OZK lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,958 shares of the information services provider’s stock after selling 949 shares during the period. Alphabet accounts for about 1.4% of Bank OZK’s portfolio, making the stock its 14th largest position. Bank OZK’s holdings in Alphabet were worth $2,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aire Advisors LLC boosted its position in shares of Alphabet by 0.6% during the 4th quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock worth $1,645,000 after purchasing an additional 68 shares in the last quarter. Defined Wealth Management LLC grew its stake in Alphabet by 2.9% in the fourth quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock valued at $354,000 after acquiring an additional 71 shares during the period. WealthCare Investment Partners LLC increased its holdings in shares of Alphabet by 2.1% during the fourth quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock valued at $482,000 after acquiring an additional 71 shares in the last quarter. Peoples Financial Services CORP. lifted its holdings in shares of Alphabet by 0.4% in the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after purchasing an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC grew its position in Alphabet by 1.0% in the 4th quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after purchasing an additional 73 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at approximately $3,903,886.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,129 shares of company stock valued at $40,382,765. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Argus lifted their price objective on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Sanford C. Bernstein boosted their price objective on Alphabet from $165.00 to $180.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Jefferies Financial Group raised their target price on Alphabet from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wedbush increased their price target on Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Morgan Stanley lifted their price objective on shares of Alphabet from $165.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Five 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.60.

Alphabet Trading Up 0.4 %

NASDAQ:GOOGL opened at $167.24 on Monday. The company has a market cap of $2.08 trillion, a P/E ratio of 25.65, a P/E/G ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a 1 year low of $103.97 and a 1 year high of $174.71. 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 stock’s fifty day moving average price is $150.14 and its two-hundred day moving average price is $142.36.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. During the same quarter in the prior year, the firm posted $1.17 EPS. As a group, analysts expect that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.48%.

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.