Field & Main Bank Purchases 200 Shares of Alphabet Inc. (NASDAQ:GOOG)

Field & Main Bank grew its position in Alphabet Inc. (NASDAQ:GOOG) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,860 shares of the information services provider’s stock after acquiring an additional 200 shares during the quarter. Field & Main Bank’s holdings in Alphabet were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Tandem Wealth Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Alphabet during the 4th quarter valued at approximately $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet during the 4th quarter valued at approximately $28,000. Buck Wealth Strategies LLC bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. purchased a new position in Alphabet during the 3rd quarter valued at $32,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 1.9 %

Shares of NASDAQ GOOG opened at $164.64 on Wednesday. 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 has a market capitalization of $2.05 trillion, a P/E ratio of 25.25, a price-to-earnings-growth ratio of 1.31 and a beta of 1.05. Alphabet Inc. has a 1-year low of $104.50 and a 1-year high of $176.42. The business has a fifty day moving average price of $150.09 and a 200 day moving average price of $143.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS. Equities research analysts expect that Alphabet Inc. will post 7.46 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GOOG shares. Susquehanna boosted their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James boosted their price objective on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Stifel Nicolaus upped their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $165.67.

Insider Activity at Alphabet

In related news, 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 transaction of $2,985,750.00. Following the transaction, the chief executive officer now directly owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were 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 directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The disclosure for this sale can be found here. Insiders have sold 253,289 shares of company stock valued at $36,724,534 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

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.