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

Quintet Private Bank Europe S.A. boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,363 shares of the information services provider's stock after buying an additional 71,651 shares during the period. Alphabet makes up approximately 5.6% of Quintet Private Bank Europe S.A.'s portfolio, making the stock its 3rd biggest position. Quintet Private Bank Europe S.A.'s holdings in Alphabet were worth $97,414,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New Hampshire Trust lifted its holdings in Alphabet by 2.7% during the second quarter. New Hampshire Trust now owns 43,714 shares of the information services provider's stock valued at $7,963,000 after purchasing an additional 1,132 shares during the last quarter. Berkshire Money Management Inc. bought a new position in shares of Alphabet in the first quarter worth approximately $359,000. Schneider Downs Wealth Management Advisors LP raised its position in shares of Alphabet by 58.4% during the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 6,374 shares of the information services provider's stock valued at $962,000 after buying an additional 2,351 shares in the last quarter. Trinity Financial Advisors LLC lifted its stake in Alphabet by 4.5% during the third quarter. Trinity Financial Advisors LLC now owns 4,423 shares of the information services provider's stock worth $771,000 after purchasing an additional 190 shares during the last quarter. Finally, abrdn plc boosted its stake in Alphabet by 10.7% in the third quarter. abrdn plc now owns 6,305,717 shares of the information services provider's stock worth $1,037,196,000 after buying an additional 611,233 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Mizuho raised their price objective on Alphabet from $205.00 to $210.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. DA Davidson assumed coverage on Alphabet in a research report on Tuesday, September 10th. They issued a "neutral" rating and a $170.00 price target on the stock. Seaport Res Ptn raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Finally, UBS Group lifted their target price on Alphabet from $200.00 to $204.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.90.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,835 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. The trade was a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the transaction, the director now owns 319,966 shares of the company's stock, valued at approximately $56,765,168.06. This trade represents a 3.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,795 shares of company stock worth $34,471,141 in the last three months. 11.55% of the stock is owned by company insiders.

Alphabet Stock Up 1.6 %

NASDAQ GOOGL traded up $2.81 during trading hours on Monday, reaching $175.30. 19,429,254 shares of the company traded hands, compared to its average volume of 27,110,707. The stock has a market capitalization of $2.15 trillion, a PE ratio of 23.16, a PEG ratio of 1.23 and a beta of 1.03. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $127.90 and a 12 month high of $191.75. The company has a 50 day moving average of $165.61 and a two-hundred day moving average of $170.22.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet's dividend payout ratio (DPR) is 10.61%.

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.