Unigestion Holding SA Decreases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Unigestion Holding SA trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,499 shares of the information services provider's stock after selling 2,700 shares during the period. Unigestion Holding SA's holdings in Alphabet were worth $16,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Compass Planning Associates Inc acquired a new position in Alphabet in the 4th quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Alphabet by 518.8% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider's stock valued at $37,000 after purchasing an additional 166 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at about $39,000. PayPay Securities Corp boosted its position in shares of Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after buying an additional 65 shares during the period. Finally, Denver PWM LLC grew its holdings 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 worth $47,000 after buying an additional 57 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 1,340 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the completion of the transaction, the chief accounting officer now directly owns 17,848 shares in the company, valued at approximately $3,606,723.84. This represents a 6.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,663 shares of company stock worth $20,286,447 in the last ninety days. 11.55% of the stock is owned by company insiders.

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Alphabet Price Performance

Shares of GOOGL stock traded down $1.06 during trading on Wednesday, hitting $155.25. The company had a trading volume of 6,539,842 shares, compared to its average volume of 28,141,172. The stock's 50-day moving average is $167.17 and its two-hundred day moving average is $176.14. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $207.05.

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

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 annualized dividend and a yield of 0.52%. Alphabet's payout ratio is 9.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Bank of America reissued a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Monday, December 23rd. Westpark Capital raised shares of Alphabet to a "strong-buy" rating in a research report on Tuesday, April 1st. Wolfe Research increased their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Wedbush set a $190.00 target price on Alphabet and gave the company an "outperform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on Alphabet from $220.00 to $180.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $203.51.

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.