Stock Yards Bank & Trust Co. Has $2.60 Million Holdings in Alphabet Inc (GOOG)

Stock Yards Bank & Trust Co. boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,511 shares of the information services provider’s stock after buying an additional 93 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Alphabet were worth $2,601,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GOOG. Diversified Trust Co boosted its stake in shares of Alphabet by 0.7% in the 3rd quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after purchasing an additional 10 shares in the last quarter. Bath Savings Trust Co boosted its stake in shares of Alphabet by 4.1% in the 4th quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after purchasing an additional 10 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of Alphabet by 2.5% in the 4th quarter. Kistler Tiffany Companies LLC now owns 499 shares of the information services provider’s stock valued at $517,000 after purchasing an additional 12 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in shares of Alphabet by 0.5% in the 4th quarter. Curbstone Financial Management Corp now owns 3,178 shares of the information services provider’s stock valued at $3,291,000 after purchasing an additional 16 shares in the last quarter. Finally, First PREMIER Bank boosted its stake in shares of Alphabet by 80.0% in the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 34.07% of the company’s stock.

A number of equities research analysts have recently weighed in on GOOG shares. BidaskClub upgraded shares of Alphabet from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 13th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research note on Friday, December 21st. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Nomura restated a “buy” rating on shares of Alphabet in a research note on Monday, January 7th. Finally, Deutsche Bank reduced their price target on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Wednesday, January 23rd. Three investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,327.66.

In related news, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $1,023.13, for a total value of $10,231,300.00. Following the completion of the transaction, the chief executive officer now owns 816 shares in the company, valued at approximately $834,874.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 375 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the completion of the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $96,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,437 shares of company stock valued at $38,346,021. 13.11% of the stock is owned by company insiders.

Shares of NASDAQ GOOG opened at $1,184.46 on Friday. The company has a market capitalization of $823.42 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.86 by $1.91. The business had revenue of $39.28 billion during the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $9.70 EPS. Analysts forecast that Alphabet Inc will post 47.38 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Stock Yards Bank & Trust Co. Has $2.60 Million Holdings in Alphabet Inc (GOOG)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2019/03/16/stock-yards-bank-trust-co-has-2-60-million-holdings-in-alphabet-inc-goog.html.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Read More: How can you know how many shares are floating?

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.