Edmond DE Rothschild Holding S.A. Raises Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Edmond DE Rothschild Holding S.A. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,415 shares of the information services provider’s stock after purchasing an additional 216 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Alphabet were worth $16,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SWS Partners purchased a new stake in shares of Alphabet in the first quarter valued at $28,000. Rational Advisors LLC bought a new stake in Alphabet in the first quarter worth about $28,000. IAG Wealth Partners LLC boosted its position in shares of Alphabet by 120.0% during the first quarter. IAG Wealth Partners LLC now owns 11 shares of the information services provider’s stock valued at $31,000 after buying an additional 6 shares during the period. Westchester Capital Management Inc. bought a new position in shares of Alphabet during the first quarter valued at approximately $36,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Alphabet in the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 1.49% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of Alphabet stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $110.00, for a total value of $165,000.00. Following the completion of the transaction, the director now directly owns 33,260 shares of the company’s stock, valued at approximately $3,658,600. The disclosure for this sale can be found here. In the last 90 days, insiders bought 1,461,702 shares of company stock valued at $36,999,217 and sold 302,441 shares valued at $20,007,551. 12.99% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Raymond James cut their price target on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Guggenheim decreased their price objective on shares of Alphabet to $130.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Susquehanna dropped their target price on shares of Alphabet from $187.00 to $150.00 in a research note on Wednesday, July 27th. Finally, Cowen cut their price target on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.23.

Alphabet Stock Up 1.5 %

Shares of GOOG traded up $1.49 during midday trading on Thursday, hitting $98.82. 17,568,859 shares of the company’s stock traded hands, compared to its average volume of 34,425,172. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $152.10. The firm’s fifty day moving average is $97.58 and its 200-day moving average is $107.93. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. During the same period in the prior year, the business posted $1.40 EPS. Alphabet’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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