Dubuque Bank & Trust Co. Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Dubuque Bank & Trust Co. lessened its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 16,669 shares of the information services provider’s stock after selling 178 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in Alphabet were worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Totem Point Management LLC grew its holdings in shares of Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after buying an additional 571 shares in the last quarter. Somerville Kurt F grew its holdings in shares of Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares in the last quarter. BCK Partners Inc. purchased a new stake in shares of Alphabet during the first quarter worth $2,564,000. Hall Capital Management Co. Inc. grew its holdings in shares of Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after buying an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. grew its holdings in shares of Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Alphabet Stock Down 0.7 %

Shares of GOOG opened at $123.02 on Monday. The stock has a market capitalization of $1.56 trillion, a PE ratio of 27.40, a P/E/G ratio of 1.57 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $129.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The company’s 50-day simple moving average is $117.33 and its 200-day simple moving average is $103.81.

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Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $68.80 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. Analysts forecast that Alphabet Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv bought 309,931 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were purchased at an average cost of $28.34 per share, for a total transaction of $8,783,444.54. Following the completion of the purchase, the insider now owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the sale, the insider now owns 11,421,476 shares in the company, valued at $161,385,455.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 877,364 shares of company stock valued at $30,371,135. 12.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GOOG. Oppenheimer dropped their target price on shares of Alphabet from $155.00 to $135.00 in a report on Monday, April 24th. UBS Group boosted their price target on shares of Alphabet from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Alphabet from $120.00 to $125.00 in a research report on Wednesday, April 26th. Robert W. Baird boosted their price target on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. Finally, Raymond James boosted their price target on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.80.

Alphabet Profile

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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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.