Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Unison Asset Management LLC

Unison Asset Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,388 shares of the information services provider's stock after buying an additional 1,447 shares during the quarter. Alphabet accounts for approximately 9.9% of Unison Asset Management LLC's holdings, making the stock its 3rd largest holding. Unison Asset Management LLC's holdings in Alphabet were worth $17,167,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in Alphabet during the 4th quarter worth about $30,000. Anderson Financial Strategies LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $49,000. EQ Wealth Advisors LLC bought a new position in shares of Alphabet during the first quarter worth about $49,000. Navigoe LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $51,000. Finally, Prudent Man Investment Management Inc. bought a new stake in Alphabet in the 4th quarter valued at approximately $53,000. 40.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, April 23rd. Oppenheimer raised their target price on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. BNP Paribas Exane reiterated a "neutral" rating and issued a $172.00 price target on shares of Alphabet in a research note on Friday. Needham & Company LLC reissued a "buy" rating and set a $178.00 price target on shares of Alphabet in a research report on Friday, April 25th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $199.95.

Insider Buying and Selling

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,837,500.00. Following the transaction, the director now owns 261,966 shares in the company, valued at $45,844,050. This trade represents a 3.85% 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 Alphabet stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the transaction, the chief executive officer now directly owns 2,555,196 shares of the company's stock, valued at $451,452,029.28. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,195 shares of company stock valued at $35,764,898. 11.55% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $1.41 during trading hours on Monday, reaching $177.12. 11,447,146 shares of the stock were exchanged, compared to its average volume of 31,177,392. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.26 and a beta of 1.01. The stock's fifty day simple moving average is $166.45 and its 200 day simple moving average is $174.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the prior year, the firm posted $1.89 EPS. Sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a $0.21 dividend. The ex-dividend date was Monday, June 9th. This is an increase from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.47%. Alphabet's dividend payout ratio is 9.36%.

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.