Unique Wealth Strategies LLC Takes Position in Alphabet Inc. (NASDAQ:GOOGL)

Unique Wealth Strategies LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 31,272 shares of the information services provider’s stock, valued at approximately $4,368,000. Alphabet makes up 2.9% of Unique Wealth Strategies LLC’s portfolio, making the stock its 4th largest position.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC boosted its position in Alphabet by 5.6% in the third quarter. FMR LLC now owns 227,317,469 shares of the information services provider’s stock valued at $29,746,764,000 after buying an additional 12,070,681 shares in the last quarter. International Assets Investment Management LLC raised its position in Alphabet by 4,894.1% in the 4th quarter. International Assets Investment Management LLC now owns 5,445,396 shares of the information services provider’s stock valued at $7,606,670,000 after purchasing an additional 5,336,359 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Alphabet during the third quarter worth $634,465,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Alphabet in the third quarter valued at $601,545,000. Finally, Lone Pine Capital LLC acquired a new position in Alphabet during the 3rd quarter worth about $407,367,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GOOGL. Needham & Company LLC increased their price target on shares of Alphabet from $160.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets raised their price target on Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen upped their target price on shares of Alphabet from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, April 26th. KeyCorp raised their price objective on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Stifel Nicolaus raised their price target on Alphabet from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $190.60.

Alphabet Trading Up 0.4 %

Shares of Alphabet stock opened at $167.24 on Monday. Alphabet Inc. has a 1 year low of $103.97 and a 1 year high of $174.71. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 1.28 and a beta of 1.02. The business has a fifty day simple moving average of $150.14 and a two-hundred day simple moving average of $142.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analyst estimates of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the prior year, the business earned $1.17 EPS. Research analysts forecast that Alphabet Inc. will post 7.57 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 10th.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total value of $3,753,000.00. Following the completion of the sale, the chief executive officer now owns 2,280,511 shares in the company, valued at approximately $380,389,234.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the transaction, the chief executive officer now directly owns 2,280,511 shares of the company’s stock, valued at $380,389,234.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the sale, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 275,129 shares of company stock valued at $40,382,765. 0.88% of the stock is currently owned by corporate insiders.

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.