Unigestion Holding SA lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 550.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,199 shares of the information services provider's stock after acquiring 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 quarter.
A number of other hedge funds have also modified their holdings of the company. Hohimer Wealth Management LLC increased its position in shares of Alphabet by 25.3% in the 3rd quarter. Hohimer Wealth Management LLC now owns 43,897 shares of the information services provider's stock valued at $7,280,000 after buying an additional 8,851 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in Alphabet by 18.8% in the third quarter. Soltis Investment Advisors LLC now owns 86,135 shares of the information services provider's stock valued at $14,285,000 after acquiring an additional 13,642 shares during the period. Fortem Financial Group LLC increased its holdings in shares of Alphabet by 93.3% in the third quarter. Fortem Financial Group LLC now owns 17,080 shares of the information services provider's stock worth $2,833,000 after acquiring an additional 8,242 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in shares of Alphabet during the third quarter worth about $8,960,000. Finally, Coldstream Capital Management Inc. raised its position in shares of Alphabet by 16.6% during the third quarter. Coldstream Capital Management Inc. now owns 133,823 shares of the information services provider's stock worth $22,391,000 after purchasing an additional 19,057 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director John L. Hennessy sold 700 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $165.00, for a total value of $115,500.00. Following the completion of the sale, the director now directly owns 27,824 shares in the company, valued at approximately $4,590,960. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $167.07, for a total value of $3,759,075.00. Following the transaction, the chief executive officer now owns 2,129,306 shares in the company, valued at approximately $355,743,153.42. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,957 shares of company stock valued at $31,358,687. 11.55% of the stock is owned by company insiders.
Alphabet stock opened at $188.40 on Thursday. The company's 50-day moving average price is $173.46 and its two-hundred day moving average price is $171.09. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.31 trillion, a P/E ratio of 24.99, a P/E/G ratio of 1.39 and a beta of 1.01. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $201.42.
Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the company earned $1.55 earnings per share. As a group, analysts expect that Alphabet Inc. will post 8.01 EPS for the current year.
The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio is currently 10.61%.
A number of analysts recently issued reports on the company. Sanford C. Bernstein increased their target price on Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price objective on shares of Alphabet from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Robert W. Baird reaffirmed an "outperform" rating and issued a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. Truist Financial increased their target price on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, Piper Sandler restated an "overweight" rating and issued a $210.00 price target (up from $200.00) on shares of Alphabet in a report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $206.69.
Get Our Latest Analysis on 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.
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