Unigestion Holding SA Has $15.29 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Unigestion Holding SA lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 550.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 92,199 shares of the information services provider's stock after buying an additional 78,017 shares during the period. Unigestion Holding SA's holdings in Alphabet were worth $15,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Christopher J. Hasenberg Inc boosted its holdings in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after acquiring an additional 60 shares during the period. LMR Partners LLP acquired a new stake in shares of Alphabet in the 3rd quarter worth about $32,000. Kings Path Partners LLC bought a new stake in Alphabet in the 2nd quarter valued at about $36,000. Denver PWM LLC acquired a new position in Alphabet during the 2nd quarter valued at about $41,000. Finally, Quarry LP bought a new position in Alphabet in the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction 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 transaction, the director now owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 2,834 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company's stock, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,957 shares of company stock valued at $31,358,687. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GOOGL. Evercore ISI boosted their price objective on Alphabet from $200.00 to $205.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Scotiabank raised Alphabet to a "strong-buy" rating in a research note on Friday, October 11th. Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein increased their target price on shares of Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.69.

Alphabet Stock Up 0.1 %

Alphabet stock traded up $0.11 during mid-day trading on Thursday, hitting $188.51. The company's stock had a trading volume of 32,167,189 shares, compared to its average volume of 27,582,375. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The firm's 50 day moving average is $173.46 and its 200 day moving average is $171.09. The company has a market cap of $2.31 trillion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet's dividend payout ratio is currently 10.61%.

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.