91,640 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by UNICOM Systems Inc.

UNICOM Systems Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 91,640 shares of the information services provider's stock, valued at approximately $17,347,000. Alphabet accounts for about 4.2% of UNICOM Systems Inc.'s investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors also recently bought and sold shares of GOOGL. LMR Partners LLP purchased a new position in Alphabet during the third quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Alphabet by 518.8% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after acquiring an additional 166 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter valued at about $39,000. Denver PWM LLC increased its position in shares of Alphabet by 25.4% during the third quarter. Denver PWM LLC now owns 281 shares of the information services provider's stock valued at $47,000 after acquiring an additional 57 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Alphabet during the third quarter valued at about $66,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the sale, the director now owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $183.48, for a total transaction of $3,245,761.20. Following the sale, the insider now directly owns 1,449,286 shares of the company's stock, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,299 shares of company stock valued at $25,055,751. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 2.7 %

GOOGL traded down $4.90 on Friday, reaching $179.66. 35,094,289 shares of the company's stock were exchanged, compared to its average volume of 28,166,218. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $207.05. The company's 50 day moving average is $192.46 and its 200-day moving average is $175.69. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.34 and a beta of 0.99.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. Alphabet's payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Alphabet from $232.00 to $229.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Bank of America reiterated a "buy" rating and set a $210.00 price target on shares of Alphabet in a research report on Monday, December 23rd. Morgan Stanley dropped their price target on shares of Alphabet from $215.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Piper Sandler dropped their price target on shares of Alphabet from $210.00 to $208.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Loop Capital lifted their price target on shares of Alphabet from $170.00 to $185.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $210.62.

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.