Generali Investments Management Co LLC Has $22.08 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Generali Investments Management Co LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,805 shares of the information services provider's stock after purchasing an additional 1,600 shares during the period. Alphabet accounts for 6.3% of Generali Investments Management Co LLC's investment portfolio, making the stock its 3rd biggest holding. Generali Investments Management Co LLC's holdings in Alphabet were worth $22,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock valued at $10,559,240,000 after buying an additional 4,567,275 shares in the last quarter. Wealth Group Ltd. grew its stake in Alphabet by 5.2% in the 4th quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider's stock valued at $299,000 after buying an additional 78 shares in the last quarter. Capital & Planning LLC grew its stake in Alphabet by 34.3% in the 4th quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider's stock valued at $830,000 after buying an additional 1,119 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in Alphabet by 0.7% in the 4th quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after purchasing an additional 371 shares during the period. Finally, Brighton Jones LLC boosted its holdings in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after purchasing an additional 4,110 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

GOOGL has been the subject of several analyst reports. Rosenblatt Securities reissued a "neutral" rating and issued a $189.00 price target on shares of Alphabet in a report on Wednesday, May 21st. Needham & Company LLC reissued a "buy" rating and issued a $178.00 price target on shares of Alphabet in a report on Friday, April 25th. KeyCorp raised their price target on shares of Alphabet from $185.00 to $195.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Westpark Capital reissued a "buy" rating and issued a $210.00 price target on shares of Alphabet in a report on Thursday, May 8th. Finally, Bank of America raised their price target on shares of Alphabet from $185.00 to $200.00 and gave the company a "buy" rating in a report on Friday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $199.75.

Alphabet Stock Up 3.3%

Alphabet stock traded up $5.47 during trading hours on Friday, hitting $173.68. 35,701,262 shares of the stock traded hands, compared to its average volume of 30,162,270. The firm's 50-day moving average price is $160.14 and its two-hundred day moving average price is $174.35. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.11 trillion, a PE ratio of 21.58, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $1.89 EPS. On average, research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

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

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the transaction, the director now directly owns 261,966 shares in the company, valued at $45,844,050. The trade was a 3.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the transaction, the chief accounting officer now owns 15,303 shares of the company's stock, valued at approximately $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 195,770 shares of company stock worth $32,036,638. 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.