Union Bancaire Privee UBP SA Acquires New Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Union Bancaire Privee UBP SA acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 817,305 shares of the information services provider’s stock, valued at approximately $154,716,000. Alphabet accounts for about 3.2% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 6th biggest position.

Several other institutional investors have also added to or reduced their stakes in GOOGL. LMR Partners LLP purchased a new position in Alphabet in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock valued at $37,000 after buying an additional 166 shares during the last quarter. Denver PWM LLC lifted its stake in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Quarry LP acquired a new position in Alphabet during the second quarter worth about $53,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Alphabet during the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Up 1.6 %

NASDAQ:GOOGL opened at $204.02 on Monday. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $205.48. The stock has a market cap of $2.50 trillion, a P/E ratio of 27.06, a P/E/G ratio of 1.26 and a beta of 0.98. 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 50-day simple moving average of $188.97 and a 200-day simple moving average of $174.08.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GOOGL. KeyCorp boosted their target price on Alphabet from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, January 10th. Scotiabank raised Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Nine equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.00.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,189 shares of company stock valued at $22,182,696 over the last three months. 11.55% of the stock is owned by corporate insiders.

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.