Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Alphabet Inc. $GOOG

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,181,522 shares of the information services provider’s stock after purchasing an additional 55,136 shares during the period. Alphabet accounts for 1.3% of Universal Beteiligungs und Servicegesellschaft mbH’s holdings, making the stock its 9th biggest holding. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Alphabet were worth $741,760,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Brighton Jones LLC increased its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. OneAscent Family Office LLC grew its stake in Alphabet by 260.6% during the 1st quarter. OneAscent Family Office LLC now owns 4,392 shares of the information services provider’s stock valued at $694,000 after purchasing an additional 3,174 shares during the last quarter. Elyxium Wealth LLC raised its stake in shares of Alphabet by 110.4% in the first quarter. Elyxium Wealth LLC now owns 14,389 shares of the information services provider’s stock worth $2,248,000 after purchasing an additional 7,551 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Alphabet by 29.5% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 6,430 shares of the information services provider’s stock worth $1,005,000 after purchasing an additional 1,466 shares during the period. Finally, Counterweight Ventures LLC increased its holdings in Alphabet by 2.2% in the 1st quarter. Counterweight Ventures LLC now owns 26,197 shares of the information services provider’s stock worth $4,093,000 after buying an additional 565 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOG has been the topic of a number of research reports. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Rosenblatt Securities set a $279.00 price objective on Alphabet in a research report on Thursday, October 30th. Oppenheimer boosted their target price on shares of Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Alphabet from $250.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.81.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the completion of the transaction, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This trade represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 221,796 shares of company stock valued at $53,983,001 in the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG traded up $13.90 during midday trading on Monday, hitting $290.88. The company had a trading volume of 10,688,585 shares, compared to its average volume of 23,240,297. The business’s 50-day simple moving average is $257.84 and its 200-day simple moving average is $210.16. The stock has a market cap of $3.51 trillion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $294.52.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter in the previous year, the company posted $2.12 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be given a $0.21 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is currently 8.28%.

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.