CNB Bank Has $1.01 Million Position in Alphabet Inc (GOOG)

CNB Bank raised its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 975 shares of the information services provider’s stock after purchasing an additional 166 shares during the period. Alphabet accounts for approximately 0.6% of CNB Bank’s investment portfolio, making the stock its 21st biggest position. CNB Bank’s holdings in Alphabet were worth $1,010,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Capital Investment Services of America Inc. raised its position in Alphabet by 1.5% during the 4th quarter. Capital Investment Services of America Inc. now owns 12,066 shares of the information services provider’s stock worth $12,496,000 after purchasing an additional 174 shares during the last quarter. Steginsky Capital LLC raised its position in Alphabet by 1.3% during the 3rd quarter. Steginsky Capital LLC now owns 18,507 shares of the information services provider’s stock worth $22,088,000 after purchasing an additional 234 shares during the last quarter. USS Investment Management Ltd raised its position in Alphabet by 13.8% during the 4th quarter. USS Investment Management Ltd now owns 263,372 shares of the information services provider’s stock worth $273,162,000 after purchasing an additional 32,000 shares during the last quarter. Suncoast Equity Management raised its position in Alphabet by 1.0% during the 4th quarter. Suncoast Equity Management now owns 15,662 shares of the information services provider’s stock worth $16,220,000 after purchasing an additional 148 shares during the last quarter. Finally, First National Bank of Hutchinson raised its position in Alphabet by 3.7% during the 4th quarter. First National Bank of Hutchinson now owns 1,232 shares of the information services provider’s stock worth $1,276,000 after purchasing an additional 44 shares during the last quarter. 34.41% of the stock is owned by institutional investors and hedge funds.

Shares of GOOG opened at $1,164.21 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The stock has a market capitalization of $785.90 billion, a PE ratio of 24.50, a PEG ratio of 1.34 and a beta of 1.03. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27.



Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.51 by $1.39. The company had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $9.93 EPS. On average, sell-side analysts forecast that Alphabet Inc will post 48.31 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Zacks Investment Research lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub lowered Alphabet from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th. Deutsche Bank reissued a “buy” rating and issued a $1,380.00 price objective (up from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. UBS Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday. Finally, Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,361.50.

In other news, VP Amie Thuener O’toole sold 89 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,145.00, for a total value of $101,905.00. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at approximately $444,260. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $1,124.90, for a total value of $42,746.20. Following the completion of the sale, the director now owns 1,797 shares of the company’s stock, valued at $2,021,445.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 817 shares of company stock valued at $974,730. 13.11% of the stock is currently owned by company insiders.

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About Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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