Unison Asset Management LLC Sells 214 Shares of Alphabet Inc. (NASDAQ:GOOG)

Unison Asset Management LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,343 shares of the information services provider’s stock after selling 214 shares during the period. Alphabet makes up about 0.1% of Unison Asset Management LLC’s holdings, making the stock its 29th biggest position. Unison Asset Management LLC’s holdings in Alphabet were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in shares of Alphabet by 42.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,511 shares of the information services provider’s stock worth $1,089,000 after buying an additional 1,953 shares during the last quarter. Creative Planning grew its holdings in shares of Alphabet by 6.4% during the 3rd quarter. Creative Planning now owns 1,544,297 shares of the information services provider’s stock valued at $256,177,000 after purchasing an additional 92,556 shares during the last quarter. BlueSky Wealth Advisors LLC grew its holdings in shares of Alphabet by 3.4% during the 3rd quarter. BlueSky Wealth Advisors LLC now owns 30,337 shares of the information services provider’s stock valued at $5,072,000 after purchasing an additional 994 shares during the last quarter. GenWealth Group Inc. grew its holdings in shares of Alphabet by 12.4% during the 3rd quarter. GenWealth Group Inc. now owns 1,455 shares of the information services provider’s stock valued at $243,000 after purchasing an additional 160 shares during the last quarter. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of Alphabet by 30.2% during the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,157 shares of the information services provider’s stock valued at $695,000 after purchasing an additional 964 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group increased their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group increased their target price on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company increased their target price on shares of Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Oppenheimer raised their price target on shares of Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $209.13.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 16,820 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $192.62, for a total transaction of $3,239,868.40. Following the completion of the transaction, the insider now owns 43,981 shares in the company, valued at approximately $8,471,620.22. This represents a 27.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,529 shares of company stock worth $16,600,078. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Down 0.6 %

NASDAQ:GOOG opened at $187.07 on Wednesday. Alphabet Inc. has a one year low of $131.55 and a one year high of $208.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.95. The company’s 50-day simple moving average is $193.42 and its 200 day simple moving average is $176.27. The firm has a market capitalization of $2.29 trillion, a P/E ratio of 23.24, a PEG ratio of 1.39 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 EPS for the quarter, topping the consensus estimate 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, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 0.43%. The ex-dividend date is Monday, March 10th. Alphabet’s payout ratio is currently 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.