Generali Investments Management Co LLC Acquires New Position in Alphabet Inc. (NASDAQ:GOOGL)

Generali Investments Management Co LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 141,205 shares of the information services provider's stock, valued at approximately $26,730,000. Alphabet comprises 6.9% of Generali Investments Management Co LLC's investment portfolio, making the stock its 2nd biggest holding.

Several other institutional investors have also bought and sold shares of GOOGL. GM Advisory Group LLC raised its position in Alphabet by 1.4% during the fourth quarter. GM Advisory Group LLC now owns 57,168 shares of the information services provider's stock valued at $10,822,000 after purchasing an additional 767 shares during the period. GCQ FUNDS MANAGEMENT PTY Ltd bought a new position in shares of Alphabet during the 4th quarter valued at approximately $49,725,000. Harvest Fund Management Co. Ltd raised its holdings in Alphabet by 17.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 326,417 shares of the information services provider's stock valued at $61,791,000 after buying an additional 47,592 shares during the period. Wulff Hansen & CO. lifted its position in Alphabet by 9.1% in the fourth quarter. Wulff Hansen & CO. now owns 26,110 shares of the information services provider's stock worth $4,943,000 after buying an additional 2,171 shares during the last quarter. Finally, Glynn Capital Management LLC boosted its stake in Alphabet by 0.8% during the fourth quarter. Glynn Capital Management LLC now owns 13,700 shares of the information services provider's stock worth $2,593,000 after buying an additional 107 shares during the period. Institutional investors own 40.03% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOGL shares. JMP Securities reissued a "market perform" rating on shares of Alphabet in a research note on Wednesday, February 5th. Robert W. Baird reissued an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Wedbush boosted their target price on Alphabet from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, January 6th. Wells Fargo & Company reduced their price target on Alphabet from $184.00 to $167.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Stifel Nicolaus boosted their price objective on Alphabet from $200.00 to $225.00 and gave the company a "buy" rating in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $209.13.

Insider Buying and Selling

In other news, insider John Kent Walker sold 17,690 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares of the company's stock, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,340 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company's stock, valued at $3,606,723.84. This represents a 6.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,297 shares of company stock valued at $15,936,270. Company insiders own 11.55% of the company's stock.

Alphabet Stock Performance

GOOGL stock traded down $6.32 during mid-day trading on Thursday, reaching $150.72. The company had a trading volume of 46,763,615 shares, compared to its average volume of 27,470,814. The stock has a market capitalization of $1.84 trillion, a P/E ratio of 18.72, a P/E/G ratio of 1.34 and a beta of 1.03. The stock's 50-day simple moving average is $176.24 and its two-hundred day simple moving average is $176.77. Alphabet Inc. has a one year low of $147.22 and a one year high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 10th. Alphabet's payout ratio is 9.94%.

About Alphabet

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.