Community Bank N.A. Purchases 2,790 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Community Bank N.A. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,173 shares of the information services provider’s stock after purchasing an additional 2,790 shares during the period. Alphabet comprises approximately 1.1% of Community Bank N.A.’s investment portfolio, making the stock its 21st biggest position. Community Bank N.A.’s holdings in Alphabet were worth $8,741,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Napatree Capital LLC lifted its holdings in shares of Alphabet by 5.8% in the fourth quarter. Napatree Capital LLC now owns 12,959 shares of the information services provider’s stock worth $2,453,000 after acquiring an additional 716 shares during the last quarter. Meridian Wealth Advisors LLC grew its holdings in shares of Alphabet by 8.4% during the 4th quarter. Meridian Wealth Advisors LLC now owns 58,713 shares of the information services provider’s stock valued at $11,114,000 after purchasing an additional 4,542 shares during the last quarter. Meridian Wealth Partners LLC increased its position in Alphabet by 4.3% during the 4th quarter. Meridian Wealth Partners LLC now owns 8,441 shares of the information services provider’s stock worth $1,598,000 after purchasing an additional 347 shares in the last quarter. Samalin Investment Counsel LLC lifted its stake in Alphabet by 6.2% in the 4th quarter. Samalin Investment Counsel LLC now owns 5,719 shares of the information services provider’s stock valued at $1,083,000 after purchasing an additional 332 shares during the last quarter. Finally, Heron Bay Capital Management boosted its position in Alphabet by 1.5% in the fourth quarter. Heron Bay Capital Management now owns 108,674 shares of the information services provider’s stock valued at $20,572,000 after buying an additional 1,603 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 0.0 %

NASDAQ:GOOGL opened at $157.04 on Thursday. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a market cap of $1.91 trillion, a PE ratio of 19.51, a PEG ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The firm has a 50-day moving average of $177.19 and a 200-day moving average of $176.95.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS 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, equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. DA Davidson increased their target price on Alphabet from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Morgan Stanley reduced their price target on Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Westpark Capital upgraded shares of Alphabet to a “strong-buy” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $209.49.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares in the company, valued at approximately $2,377,014.99. This trade represents a 4.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $185.51, for a total value of $3,281,671.90. Following the completion of the transaction, the insider now owns 43,111 shares of the company’s stock, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 87,297 shares of company stock valued at $15,936,270 in the last three months. 11.55% of the stock is currently owned by 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.