BOK Financial Private Wealth Inc. Has $7.19 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

BOK Financial Private Wealth Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,987 shares of the information services provider’s stock after selling 2,194 shares during the period. Alphabet accounts for approximately 0.5% of BOK Financial Private Wealth Inc.’s holdings, making the stock its 22nd largest holding. BOK Financial Private Wealth Inc.’s holdings in Alphabet were worth $7,191,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pettinga Financial Advisors LLC increased its stake in shares of Alphabet by 10.1% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after buying an additional 201 shares during the period. Impax Asset Management Group plc increased its stake in shares of Alphabet by 6.8% in the 3rd quarter. Impax Asset Management Group plc now owns 728,575 shares of the information services provider’s stock valued at $120,834,000 after buying an additional 46,677 shares during the period. Principal Financial Group Inc. increased its stake in shares of Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after buying an additional 337,031 shares during the period. Lewis Asset Management LLC increased its stake in shares of Alphabet by 6.8% in the 3rd quarter. Lewis Asset Management LLC now owns 9,371 shares of the information services provider’s stock valued at $1,554,000 after buying an additional 600 shares during the period. Finally, Vista Capital Partners Inc. increased its stake in shares of Alphabet by 42.8% in the 3rd quarter. Vista Capital Partners Inc. now owns 3,889 shares of the information services provider’s stock valued at $645,000 after buying an additional 1,165 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the transaction, the insider now owns 43,981 shares of the company’s stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total value of $3,245,761.20. Following the transaction, the insider now directly owns 1,449,286 shares in the company, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,048 shares of company stock valued at $17,374,274 over the last 90 days. 11.55% of the stock is currently owned by insiders.

Alphabet Stock Performance

GOOGL opened at $163.99 on Friday. Alphabet Inc. has a 52-week low of $147.22 and a 52-week high of $207.05. The firm has a market capitalization of $2.00 trillion, a PE ratio of 20.37, a PEG ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The business’s 50-day simple moving average is $182.57 and its 200 day simple moving average is $176.38.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GOOGL. Roth Mkm reaffirmed a “buy” rating and set a $220.00 price objective on shares of Alphabet in a research note on Wednesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Alphabet in a research note on Wednesday. KeyCorp decreased their price objective on Alphabet from $220.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday. Citigroup decreased their price objective on Alphabet from $232.00 to $229.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler decreased their price objective on Alphabet from $210.00 to $208.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $210.59.

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.