Universal Beteiligungs und Servicegesellschaft mbH Acquires 108,160 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has increased its holdings in Alphabet Inc. by 1.5%, now owning 7,374,451 shares, making it approximately 2.3% of its investment portfolio.
• Recent analysts' ratings for GOOGL show a consensus of 29 buy ratings and an increased target price, with Piper Sandler setting it at $220.00.
• Alphabet has declared a quarterly dividend of $0.21, with the record date on September 8, representing an annualized dividend yield of 0.44%.

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,374,451 shares of the information services provider's stock after acquiring an additional 108,160 shares during the period. Alphabet comprises about 2.3% of Universal Beteiligungs und Servicegesellschaft mbH's investment portfolio, making the stock its 5th biggest position. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Alphabet worth $1,140,385,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GOOGL. Mystic Asset Management Inc. raised its stake in shares of Alphabet by 6.7% in the first quarter. Mystic Asset Management Inc. now owns 28,454 shares of the information services provider's stock worth $4,400,000 after acquiring an additional 1,791 shares during the last quarter. Harbour Trust & Investment Management Co lifted its position in shares of Alphabet by 0.3% during the first quarter. Harbour Trust & Investment Management Co now owns 27,075 shares of the information services provider's stock worth $4,187,000 after purchasing an additional 80 shares in the last quarter. Rockbridge Capital Management LLC acquired a new position in shares of Alphabet during the fourth quarter worth approximately $3,119,000. Cypress Capital LLC lifted its position in shares of Alphabet by 4.1% during the first quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider's stock worth $2,213,000 after purchasing an additional 563 shares in the last quarter. Finally, Optivise Advisory Services LLC lifted its position in shares of Alphabet by 8.0% during the fourth quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider's stock worth $1,035,000 after purchasing an additional 403 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOOGL shares. Piper Sandler upped their target price on shares of Alphabet from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Tigress Financial upped their target price on shares of Alphabet from $220.00 to $240.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, April 30th. BMO Capital Markets upped their target price on shares of Alphabet from $208.00 to $225.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Finally, DA Davidson lifted their price target on shares of Alphabet from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.32.

Alphabet Price Performance

Shares of GOOGL opened at $192.58 on Tuesday. The firm has a market capitalization of $2.34 trillion, a PE ratio of 20.51, a PEG ratio of 1.31 and a beta of 1.00. The company's 50-day moving average is $176.29 and its 200-day moving average is $172.79. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.44%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction dated 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 directly owned 243,400 shares in the company, valued at approximately $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at $456,991,919.84. This trade represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock worth $43,523,710 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

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.

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