Gulf International Bank UK Ltd Has $86.79 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Gulf International Bank UK Ltd reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 458,458 shares of the information services provider’s stock after selling 4,951 shares during the quarter. Alphabet accounts for 2.2% of Gulf International Bank UK Ltd’s portfolio, making the stock its 7th biggest holding. Gulf International Bank UK Ltd’s holdings in Alphabet were worth $86,786,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Compass Planning Associates Inc bought a new position in shares of Alphabet during the 4th quarter valued at $30,000. LMR Partners LLP bought a new stake in shares of Alphabet in the third quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. increased its position in 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. bought a new position in Alphabet in the fourth quarter valued at about $39,000. Finally, PayPay Securities Corp lifted its holdings in Alphabet by 36.1% in the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 65 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GOOGL shares. Wedbush upped their price target on shares of Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Monday, January 6th. Wolfe Research upped their target price on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $225.00 price target on shares of Alphabet in a research report on Wednesday, February 5th. KeyCorp boosted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Finally, Bank of America restated a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research note on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $210.62.

Insider Buying and Selling at Alphabet

In related news, insider Ruth Porat sold 17,690 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 1,449,286 shares in the company, valued at $265,914,995.28. The trade was a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 16,820 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. The trade was a 27.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,682 shares of company stock worth $17,901,024 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.9 %

Shares of NASDAQ:GOOGL opened at $167.11 on Thursday. The company has a market cap of $2.04 trillion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 12 month low of $138.99 and a 12 month high of $207.05. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $186.76 and a 200 day moving average price of $176.48.

Alphabet (NASDAQ:GOOGL) 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 analysts’ consensus estimates 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, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is 9.94%.

Alphabet 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.