Edmond DE Rothschild Holding S.A. Has $256.90 Million Stock Holdings in Alphabet Inc. $GOOGL

Edmond DE Rothschild Holding S.A. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,457,732 shares of the information services provider’s stock after acquiring an additional 65,439 shares during the period. Alphabet accounts for 4.1% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 2nd biggest position. Edmond DE Rothschild Holding S.A.’s holdings in Alphabet were worth $256,896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aviso Financial Inc. boosted its holdings in shares of Alphabet by 1.2% during the 2nd quarter. Aviso Financial Inc. now owns 94,642 shares of the information services provider’s stock worth $16,679,000 after buying an additional 1,148 shares during the period. One Charles Private Wealth Services LLC boosted its holdings in shares of Alphabet by 19.1% during the second quarter. One Charles Private Wealth Services LLC now owns 7,990 shares of the information services provider’s stock worth $1,408,000 after acquiring an additional 1,279 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Alphabet by 0.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 984,065 shares of the information services provider’s stock valued at $173,422,000 after purchasing an additional 4,833 shares during the last quarter. Burk Holdings LLC bought a new position in shares of Alphabet during the second quarter worth approximately $242,000. Finally, South Plains Financial Inc. increased its stake in shares of Alphabet by 6.8% during the second quarter. South Plains Financial Inc. now owns 19,919 shares of the information services provider’s stock worth $3,510,000 after purchasing an additional 1,267 shares during the period. 40.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 954 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $317.00, for a total value of $302,418.00. Following the sale, the chief accounting officer directly owned 11,740 shares in the company, valued at approximately $3,721,580. This trade represents a 7.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $317.66, for a total transaction of $32,401.32. Following the sale, the director directly owned 18,104 shares in the company, valued at $5,750,916.64. This trade represents a 0.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 226,128 shares of company stock valued at $61,326,372. 11.64% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $321.27 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.88 trillion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07. The company has a 50 day moving average of $276.15 and a 200-day moving average of $224.09. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $328.83.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 35.00%. As a group, equities research analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on GOOGL shares. Oppenheimer upped their price objective on Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Stifel Nicolaus set a $333.00 price target on shares of Alphabet in a research report on Thursday, October 30th. Needham & Company LLC lifted their price objective on shares of Alphabet from $260.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Citigroup restated a “buy” rating and set a $343.00 target price (up previously from $280.00) on shares of Alphabet in a research report on Thursday, October 30th. Finally, Morgan Stanley raised their target price on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Four investment analysts have rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.65.

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.