Alphabet Inc. $GOOGL is Unio Capital LLC's 6th Largest Position

Key Points

• Unio Capital LLC increased its stake in Alphabet Inc. by 14.1%, making it the fund's 6th largest position at approximately $15.3 million in value.
• Alphabet announced a quarterly dividend of $0.21 per share, representing a 0.4% dividend yield, with a payout ratio of 8.95%.
• Analysts have raised their price targets for Alphabet, with estimates ranging from $190.00 to $245.00, contributing to an average rating of "Moderate Buy".

Unio Capital LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,232 shares of the information services provider's stock after purchasing an additional 12,260 shares during the quarter. Alphabet accounts for approximately 5.9% of Unio Capital LLC's holdings, making the stock its 6th biggest position. Unio Capital LLC's holdings in Alphabet were worth $15,345,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GOOGL. Nuveen LLC purchased a new position in shares of Alphabet in the 1st quarter worth about $4,317,606,000. GAMMA Investing LLC increased its holdings in Alphabet by 16,993.2% in the 1st quarter. GAMMA Investing LLC now owns 16,062,457 shares of the information services provider's stock worth $2,483,898,000 after buying an additional 15,968,487 shares in the last quarter. Vanguard Group Inc. increased its holdings in Alphabet by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after buying an additional 14,307,345 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Alphabet by 307.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 10,302,644 shares of the information services provider's stock worth $1,593,201,000 after buying an additional 7,774,811 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Alphabet in the 4th quarter worth about $1,375,509,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on GOOGL shares. Wedbush lifted their price objective on Alphabet from $225.00 to $245.00 and gave the stock an "outperform" rating in a report on Wednesday. Cantor Fitzgerald lifted their price objective on Alphabet from $196.00 to $201.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. UBS Group lifted their price objective on Alphabet from $192.00 to $202.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Rosenblatt Securities lifted their price objective on Alphabet from $191.00 to $224.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Loop Capital reiterated a "hold" rating and issued a $190.00 price objective (up from $165.00) on shares of Alphabet in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of "Moderate Buy" and an average price target of $222.33.

Alphabet Trading Up 1.2%

Alphabet stock opened at $235.00 on Friday. The business has a 50-day simple moving average of $195.79 and a two-hundred day simple moving average of $175.41. The company has a market cap of $2.84 trillion, a P/E ratio of 25.03, a P/E/G ratio of 1.58 and a beta of 1.01. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $235.76. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's payout ratio is 8.95%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider directly owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director owned 243,400 shares of the company's stock, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,710 shares of company stock valued at $49,208,380. Insiders own 11.64% of the company's stock.

Alphabet 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.

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