Alphabet Inc. (NASDAQ:GOOGL) Stock Position Increased by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 669,487 shares of the information services provider’s stock after purchasing an additional 82,124 shares during the quarter. Alphabet comprises approximately 7.0% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 3rd largest holding. Quintet Private Bank Europe S.A.’s holdings in Alphabet were worth $126,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Pettinga Financial Advisors LLC raised its position in shares of Alphabet by 10.1% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 2,186 shares of the information services provider’s stock valued at $363,000 after buying an additional 201 shares in the last quarter. BSW Wealth Partners raised its position in shares of Alphabet by 11.3% during the 3rd quarter. BSW Wealth Partners now owns 22,388 shares of the information services provider’s stock valued at $3,713,000 after buying an additional 2,281 shares in the last quarter. TrueWealth Advisors LLC grew its holdings in Alphabet by 16.0% during the 3rd quarter. TrueWealth Advisors LLC now owns 4,955 shares of the information services provider’s stock valued at $822,000 after purchasing an additional 685 shares during the last quarter. Lansing Street Advisors grew its holdings in Alphabet by 1.4% during the 3rd quarter. Lansing Street Advisors now owns 8,388 shares of the information services provider’s stock valued at $1,391,000 after purchasing an additional 114 shares during the last quarter. Finally, Blue Square Asset Management LLC grew its holdings in Alphabet by 4.5% during the 3rd quarter. Blue Square Asset Management LLC now owns 23,403 shares of the information services provider’s stock valued at $3,881,000 after purchasing an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 1.7 %

NASDAQ:GOOGL opened at $165.49 on Monday. The firm has a 50 day moving average of $185.70 and a 200 day moving average of $176.56. The stock has a market capitalization of $2.02 trillion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.34 and a beta of 1.02. Alphabet Inc. has a 52 week low of $140.03 and a 52 week high of $207.05. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03.

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

Alphabet Dividend Announcement

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

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total transaction of $33,106.00. Following the completion of the transaction, the director now owns 7,813 shares of the company’s stock, valued at $1,293,285.89. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ruth Porat sold 17,690 shares of the firm’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 transaction, the insider now directly owns 1,449,286 shares of the company’s stock, valued at approximately $265,914,995.28. This trade represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,048 shares of company stock valued at $17,374,274. Insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. Morgan Stanley cut their price target on shares of Alphabet from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company upped their price target on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Bank of America reiterated a “buy” rating and set a $210.00 price target on shares of Alphabet in a report on Monday, December 23rd. Piper Sandler cut their price target on shares of Alphabet from $210.00 to $208.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, DZ Bank downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research note on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $210.62.

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.