Unigestion Holding SA Raises Position in Alphabet Inc. (NASDAQ:GOOG)

Unigestion Holding SA grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,322 shares of the information services provider’s stock after purchasing an additional 851 shares during the quarter. Unigestion Holding SA’s holdings in Alphabet were worth $1,596,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Kensington Investment Counsel LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $358,000. Valley Forge Investment Consultants Inc. ADV lifted its position in shares of Alphabet by 27.5% during the third quarter. Valley Forge Investment Consultants Inc. ADV now owns 4,156 shares of the information services provider’s stock worth $548,000 after purchasing an additional 896 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of Alphabet by 4.4% during the third quarter. Alliance Wealth Advisors LLC UT now owns 39,888 shares of the information services provider’s stock worth $5,259,000 after purchasing an additional 1,699 shares during the last quarter. Waters Parkerson & CO. LLC lifted its position in shares of Alphabet by 3.4% during the third quarter. Waters Parkerson & CO. LLC now owns 20,403 shares of the information services provider’s stock worth $2,690,000 after purchasing an additional 664 shares during the last quarter. Finally, EMC Capital Management lifted its position in shares of Alphabet by 6,994.9% during the third quarter. EMC Capital Management now owns 102,380 shares of the information services provider’s stock worth $13,772,000 after purchasing an additional 100,937 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $148.78, for a total value of $3,347,550.00. Following the completion of the sale, the chief executive officer now owns 2,310,191 shares of the company’s stock, valued at approximately $343,710,216.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $154.79, for a total value of $105,566.78. Following the transaction, the chief accounting officer now owns 29,284 shares in the company, valued at approximately $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $148.78, for a total transaction of $3,347,550.00. Following the transaction, the chief executive officer now owns 2,310,191 shares in the company, valued at approximately $343,710,216.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 157,458 shares of company stock valued at $25,538,973. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.4 %

NASDAQ GOOG opened at $176.63 on Tuesday. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $179.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The stock has a market cap of $2.18 trillion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.31 and a beta of 1.01. The firm’s 50 day moving average price is $167.76 and its two-hundred day moving average price is $151.37.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analyst estimates of $78.75 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 7.69 EPS for the current year.

Alphabet Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on GOOG shares. Stifel Nicolaus increased their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Oppenheimer raised their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $165.67.

Check Out Our Latest Report on Alphabet

About Alphabet

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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