Alphabet Inc. (NASDAQ:GOOGL) Holdings Boosted by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 712,360 shares of the information services provider's stock after purchasing an additional 42,873 shares during the quarter. Alphabet accounts for 6.5% of Quintet Private Bank Europe S.A.'s holdings, making the stock its 3rd biggest position. Quintet Private Bank Europe S.A.'s holdings in Alphabet were worth $110,159,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Wealth Group Ltd. lifted its holdings in Alphabet by 5.2% during the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock valued at $299,000 after purchasing an additional 78 shares during the last quarter. Capital & Planning LLC lifted its holdings in shares of Alphabet by 34.3% during the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock worth $830,000 after buying an additional 1,119 shares in the last quarter. Eagle Capital Management LLC lifted its holdings in shares of Alphabet by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock worth $9,490,000 after buying an additional 371 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Alphabet during the fourth quarter worth $154,716,000. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Susquehanna dropped their target price on Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Westpark Capital restated a "buy" rating and issued a $210.00 price target on shares of Alphabet in a research report on Thursday, May 8th. Rosenblatt Securities restated a "neutral" rating and issued a $189.00 price target on shares of Alphabet in a research report on Wednesday, May 21st. JMP Securities reiterated a "market perform" rating on shares of Alphabet in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group decreased their target price on Alphabet from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.75.

Alphabet Stock Performance

NASDAQ:GOOGL traded down $1.03 during trading on Friday, reaching $174.67. The company's stock had a trading volume of 27,636,835 shares, compared to its average volume of 30,440,616. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market cap of $2.12 trillion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05. The firm has a 50 day moving average of $162.89 and a 200-day moving average of $174.64.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same quarter in the prior year, the firm posted $1.89 EPS. Research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.48%. This is a boost from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company's stock, valued at $430,917,877.76. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $161.90, for a total value of $32,380.00. Following the transaction, the director now directly owns 7,613 shares in the company, valued at approximately $1,232,544.70. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 195,570 shares of company stock valued at $32,003,532 in the last 90 days. Corporate insiders own 11.64% of the company's stock.

Alphabet Company 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.