Union Bancaire Privee UBP SA Has $194.17 Million Stake in Alphabet Inc. $GOOGL

Union Bancaire Privee UBP SA reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 825,171 shares of the information services provider’s stock after selling 17,738 shares during the quarter. Alphabet makes up 3.7% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 4th largest holding. Union Bancaire Privee UBP SA’s holdings in Alphabet were worth $194,170,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Alphabet during the 2nd quarter worth about $21,944,208,000. Laurel Wealth Advisors LLC boosted its stake in Alphabet by 17,667.7% in the second quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after purchasing an additional 15,159,273 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Alphabet by 51.7% in the second quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock valued at $5,607,232,000 after buying an additional 10,843,853 shares in the last quarter. Vanguard Group Inc. lifted its position in Alphabet by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after buying an additional 6,733,278 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Alphabet by 201.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 6,547,250 shares of the information services provider’s stock valued at $1,153,824,000 after purchasing an additional 4,374,542 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $317.66, for a total transaction of $32,401.32. Following the completion of the transaction, the director owned 18,104 shares in the company, valued at approximately $5,750,916.64. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $308.19, for a total value of $184,914.00. Following the completion of the transaction, the director directly owned 3,916 shares of the company’s stock, valued at approximately $1,206,872.04. This represents a 13.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 226,128 shares of company stock worth $63,183,331. Company insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on Alphabet from $340.00 to $343.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC lifted their price objective on Alphabet from $260.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Evercore ISI increased their target price on shares of Alphabet from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Susquehanna lifted their target price on Alphabet from $225.00 to $350.00 and gave the stock a “positive” rating in a report on Thursday, October 30th. Finally, Melius Research lifted their price objective on Alphabet from $220.00 to $255.00 in a report on Thursday, September 25th. Four analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.18.

Alphabet Trading Up 1.9%

Shares of Alphabet stock opened at $302.46 on Friday. The business’s 50 day moving average is $287.77 and its 200-day moving average is $232.84. The stock has a market cap of $3.65 trillion, a P/E ratio of 29.83, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

About Alphabet

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.