Edmond DE Rothschild Holding S.A. Has $46.54 Million Position in Alphabet Inc. $GOOG

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 262,356 shares of the information services provider’s stock after acquiring an additional 10,302 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Alphabet were worth $46,539,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares during the period. Passive Capital Management LLC. acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $230,000. Prosperity Consulting Group LLC boosted its stake in Alphabet by 4.0% during the 1st quarter. Prosperity Consulting Group LLC now owns 40,591 shares of the information services provider’s stock worth $6,342,000 after acquiring an additional 1,557 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV grew its holdings in Alphabet by 8.4% during the first quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 20,952 shares of the information services provider’s stock valued at $3,273,000 after purchasing an additional 1,617 shares during the period. Finally, Facet Wealth Inc. increased its stake in Alphabet by 3.7% in the first quarter. Facet Wealth Inc. now owns 4,910 shares of the information services provider’s stock valued at $815,000 after purchasing an additional 176 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction 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 of the company’s stock, valued at $3,629,725.80. The trade was a 16.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 227,952 shares of company stock valued at $58,896,009 in the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Wolfe Research lifted their price target on shares of Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Bank of America raised their price objective on Alphabet from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 7th. KeyCorp restated an “overweight” rating and issued a $330.00 price target on shares of Alphabet in a report on Thursday, October 30th. Finally, Rosenblatt Securities set a $279.00 price objective on Alphabet in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Alphabet has an average rating of “Buy” and a consensus target price of $324.81.

Alphabet Price Performance

GOOG stock opened at $318.47 on Tuesday. The stock has a 50-day moving average price of $264.32 and a two-hundred day moving average price of $215.82. The stock has a market cap of $3.84 trillion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $319.80.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 earnings per share. Equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 8.28%.

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.