GAM Holding AG Has $51.18 Million Stock Holdings in Alphabet Inc. $GOOGL

GAM Holding AG cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 290,420 shares of the information services provider’s stock after selling 30,496 shares during the quarter. Alphabet accounts for 3.6% of GAM Holding AG’s investment portfolio, making the stock its 3rd largest holding. GAM Holding AG’s holdings in Alphabet were worth $51,181,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Guardian Wealth Management Inc. grew its holdings in Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the period. IMA Advisory Services Inc. bought a new position in shares of Alphabet during the 1st quarter worth about $28,000. NBZ Investment Advisors LLC grew its stake in shares of Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares during the period. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Alphabet by 36.4% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after buying an additional 67 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in Alphabet in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GOOGL shares. New Street Research increased their price target on Alphabet from $275.00 to $295.00 in a report on Friday, October 24th. JMP Securities reaffirmed a “market outperform” rating and set a $290.00 target price on shares of Alphabet in a research report on Wednesday, October 22nd. Citizens Jmp lifted their price target on shares of Alphabet from $250.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Barclays restated an “overweight” rating and set a $315.00 price target (up previously from $250.00) on shares of Alphabet in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.10.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $286.71 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.46 trillion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The stock’s fifty day simple moving average is $255.49 and its two-hundred day simple moving average is $207.29. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $292.01.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS 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 company had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. As a group, analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a $0.21 dividend. The ex-dividend date is Monday, December 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 8.28%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 954 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $282.33, for a total transaction of $269,342.82. Following the completion of the sale, the chief accounting officer directly owned 14,517 shares of the company’s stock, valued at approximately $4,098,584.61. This trade represents a 6.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the sale, the insider owned 42,985 shares in the company, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 221,796 shares of company stock worth $53,983,001. Company insiders own 11.55% of the company’s stock.

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.