Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA lifted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 446.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,016 shares of the information services provider's stock after purchasing an additional 22,889 shares during the period. Unigestion Holding SA's holdings in Alphabet were worth $4,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in shares of Alphabet during the fourth quarter valued at approximately $27,000. LSV Asset Management purchased a new position in Alphabet during the fourth quarter valued at $27,000. WealthTrak Capital Management LLC purchased a new stake in shares of Alphabet in the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. bought a new position in shares of Alphabet during the fourth quarter valued at $39,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Alphabet in the 4th quarter worth about $43,000. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Up 0.2%

Alphabet stock traded up $0.42 during midday trading on Thursday, reaching $169.81. The company's stock had a trading volume of 24,768,167 shares, compared to its average volume of 20,311,637. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 21.09, a PEG ratio of 1.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock's 50-day simple moving average is $161.29 and its 200-day simple moving average is $176.14.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The business had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GOOG shares. Scotiabank dropped their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. Citigroup reaffirmed a "sell" rating on shares of Alphabet in a research report on Wednesday, April 23rd. KeyCorp lowered their price target on Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and five have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.88.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $165.53, for a total transaction of $33,106.00. Following the sale, the director now directly owns 7,813 shares in the company, valued at $1,293,285.89. This trade represents a 2.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $168.71, for a total value of $5,483,075.00. Following the completion of the sale, the chief executive officer now directly owns 2,587,696 shares in the company, valued at approximately $436,570,192.16. The trade was a 1.24% 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 valued at $32,036,638. 12.99% of the stock is owned by company insiders.

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.