Union Bancaire Privee UBP SA Has $387.28 Million Stock Holdings in Alphabet Inc. $GOOGL

Union Bancaire Privee UBP SA increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 49.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,237,301 shares of the information services provider’s stock after purchasing an additional 412,130 shares during the period. Alphabet comprises approximately 5.8% of Union Bancaire Privee UBP SA’s holdings, making the stock its 2nd largest holding. Union Bancaire Privee UBP SA’s holdings in Alphabet were worth $387,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GOOGL. Financial Gravity Companies Inc. acquired a new stake in Alphabet during the 2nd quarter worth approximately $31,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet in the third quarter valued at approximately $53,000. iSAM Funds UK Ltd bought a new stake in shares of Alphabet during the third quarter worth $53,000. Corsicana & Co. acquired a new stake in shares of Alphabet during the third quarter worth $54,000. Finally, Vermillion & White Wealth Management Group LLC raised its holdings in shares of Alphabet by 37.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after acquiring an additional 89 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 2.0%

Alphabet stock opened at $301.00 on Friday. The company has a market cap of $3.64 trillion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.76 and a beta of 1.10. The firm has a 50-day moving average of $317.62 and a 200-day moving average of $293.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. On average, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Roth Mkm upped their target price on shares of Alphabet from $365.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. President Capital lifted their price target on Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Sanford C. Bernstein boosted their price target on Alphabet from $305.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, February 2nd. Tigress Financial set a $415.00 price objective on Alphabet and gave the stock a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $385.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.18.

Check Out Our Latest Analysis on GOOGL

Insider Buying and Selling

In other news, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares of the company’s stock, valued at $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,110,165 shares of company stock worth $118,134,117 in the last quarter. 11.64% of the stock is owned by company insiders.

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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