Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Unigestion Holding SA

Unigestion Holding SA lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,127 shares of the information services provider’s stock after selling 3,000 shares during the period. Unigestion Holding SA’s holdings in Alphabet were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clarkston Capital Partners LLC boosted its holdings in Alphabet by 2.3% in the fourth quarter. Clarkston Capital Partners LLC now owns 10,720 shares of the information services provider’s stock valued at $2,042,000 after purchasing an additional 245 shares during the period. Alcosta Capital Management Inc. raised its position in Alphabet by 0.3% in the 4th quarter. Alcosta Capital Management Inc. now owns 38,730 shares of the information services provider’s stock valued at $7,376,000 after purchasing an additional 99 shares in the last quarter. Waterloo Capital L.P. grew its position in shares of Alphabet by 14.7% during the fourth quarter. Waterloo Capital L.P. now owns 24,001 shares of the information services provider’s stock worth $4,571,000 after buying an additional 3,072 shares in the last quarter. Titleist Asset Management LLC increased its stake in shares of Alphabet by 0.9% during the fourth quarter. Titleist Asset Management LLC now owns 25,022 shares of the information services provider’s stock worth $4,765,000 after buying an additional 231 shares during the period. Finally, Darden Wealth Group Inc raised its holdings in Alphabet by 1.2% in the fourth quarter. Darden Wealth Group Inc now owns 14,868 shares of the information services provider’s stock valued at $2,831,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 3.2 %

Alphabet stock opened at $147.74 on Friday. The stock has a 50 day moving average of $177.04 and a two-hundred day moving average of $178.43. Alphabet Inc. has a twelve month low of $147.54 and a twelve month high of $208.70. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share 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, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Scotiabank lifted their price target on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, Oppenheimer increased their price objective on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.65.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the transaction, the director now owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now owns 2,717,696 shares of the company’s stock, 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 119,797 shares of company stock valued at $21,089,470 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

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.