Amiral Gestion Has $21.75 Million Stock Holdings in Alphabet Inc. $GOOGL

Amiral Gestion reduced its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 12.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 123,434 shares of the information services provider’s stock after selling 17,645 shares during the quarter. Alphabet comprises about 9.4% of Amiral Gestion’s investment portfolio, making the stock its 5th biggest position. Amiral Gestion’s holdings in Alphabet were worth $21,753,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new position in shares of Alphabet during the second quarter worth approximately $31,000. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock worth $44,000 after acquiring an additional 67 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position in 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. Christopher J. Hasenberg Inc increased its position in Alphabet by 77.6% during the second quarter. Christopher J. Hasenberg Inc now owns 348 shares of the information services provider’s stock worth $61,000 after acquiring an additional 152 shares during the period. Finally, S&T Bank PA raised its stake in Alphabet by 40.2% during the 2nd quarter. S&T Bank PA now owns 345 shares of the information services provider’s stock valued at $61,000 after purchasing an additional 99 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

Shares of Alphabet stock opened at $308.22 on Tuesday. The stock has a market capitalization of $3.72 trillion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 1.79 and a beta of 1.07. The firm’s 50-day moving average price is $284.30 and its two-hundred day moving average price is $230.93. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $328.83.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. On average, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 8th were paid a $0.21 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the transaction, the chief accounting officer owned 14,516 shares in the company, valued at $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 222,750 shares of company stock valued at $60,496,098 over the last ninety days. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Guggenheim restated a “buy” rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a research report on Monday, December 1st. Barclays reissued an “overweight” rating and set a $315.00 target price (up from $250.00) on shares of Alphabet in a research report on Thursday, October 30th. Needham & Company LLC upped their price target on Alphabet from $260.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, October 30th. KeyCorp reissued an “overweight” rating and set a $300.00 price objective (up previously from $265.00) on shares of Alphabet in a report on Monday, October 27th. Finally, Canaccord Genuity Group boosted their price objective on Alphabet from $270.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, forty-one have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $314.22.

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.