Generali Asset Management SPA SGR Has $72.97 Million Stake in Alphabet Inc. $GOOG

Generali Asset Management SPA SGR lessened its position in Alphabet Inc. (NASDAQ:GOOG) by 4.3% in the 2nd quarter, Holdings Channel reports. The firm owned 411,376 shares of the information services provider’s stock after selling 18,607 shares during the period. Alphabet accounts for approximately 1.7% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 7th biggest holding. Generali Asset Management SPA SGR’s holdings in Alphabet were worth $72,974,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Essex LLC increased its stake in Alphabet by 1.4% in the second quarter. Essex LLC now owns 24,787 shares of the information services provider’s stock valued at $4,397,000 after purchasing an additional 336 shares in the last quarter. Tuttle Capital Management LLC increased its position in shares of Alphabet by 14.9% during the second quarter. Tuttle Capital Management LLC now owns 3,231 shares of the information services provider’s stock worth $573,000 after acquiring an additional 420 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Alphabet by 6.1% during the second quarter. Ritholtz Wealth Management now owns 118,070 shares of the information services provider’s stock worth $20,944,000 after acquiring an additional 6,807 shares in the last quarter. Triton Wealth Management PLLC bought a new stake in shares of Alphabet during the second quarter worth $1,039,000. Finally, RMR Capital Management LLC increased its position in shares of Alphabet by 17.3% during the second quarter. RMR Capital Management LLC now owns 5,700 shares of the information services provider’s stock worth $1,011,000 after acquiring an additional 840 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $253.79 on Friday. The firm has a 50-day moving average of $232.18 and a 200-day moving average of $192.97. Alphabet Inc. has a one year low of $142.66 and a one year high of $257.58. The company has a market cap of $3.07 trillion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. 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 (NASDAQ:GOOG) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter last year, the firm posted $1.89 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet’s dividend payout ratio (DPR) is currently 8.95%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GOOG shares. Mizuho raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, September 29th. Oppenheimer reissued an “outperform” rating and set a $270.00 price objective (up previously from $235.00) on shares of Alphabet in a research report on Wednesday, September 3rd. Piper Sandler reissued a “neutral” rating on shares of Alphabet in a research report on Wednesday, July 9th. Robert W. Baird increased their price objective on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Alphabet in a research report on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $244.68.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the sale, the director owned 5,116 shares in the company, valued at approximately $1,242,778.72. This trade represents a 10.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 953 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $241.20, for a total transaction of $229,863.60. Following the sale, the chief accounting officer owned 17,294 shares of the company’s stock, valued at approximately $4,171,312.80. This represents a 5.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 243,372 shares of company stock worth $55,110,740 in the last quarter. 12.99% of the stock is 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.