Unique Wealth LLC Has $4.22 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Unique Wealth LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,308 shares of the information services provider’s stock after buying an additional 2,063 shares during the quarter. Alphabet accounts for about 0.9% of Unique Wealth LLC’s portfolio, making the stock its 26th biggest holding. Unique Wealth LLC’s holdings in Alphabet were worth $4,223,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. LMR Partners LLP acquired a new position in Alphabet during the 3rd quarter valued at $32,000. Denver PWM LLC bought a new position in shares of Alphabet during the 2nd quarter worth about $41,000. Quarry LP acquired a new position in shares of Alphabet during the second quarter valued at about $53,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Alphabet in the third quarter valued at about $66,000. Finally, Mendota Financial Group LLC grew its position in Alphabet by 19.0% during the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after buying an additional 64 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Down 0.7 %

Shares of NASDAQ GOOGL opened at $189.66 on Wednesday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $2.32 trillion, a P/E ratio of 25.15, a P/E/G ratio of 1.35 and a beta of 0.98. The firm has a 50 day moving average price of $183.45 and a 200 day moving average price of $173.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the business earned $1.55 EPS. Analysts expect that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given 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%.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares in the company, valued at approximately $4,142,195.20. This trade represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 130,553 shares of company stock valued at $23,817,951 over the last 90 days. 11.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Morgan Stanley boosted their price objective on Alphabet from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $212.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Royal Bank of Canada raised their price objective on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $208.15.

Alphabet Company 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.