Alphabet Inc. $GOOGL Position Increased by Compagnie Lombard Odier SCmA

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Alphabet Inc. by 1.9%, owning 2,880,545 shares valued at approximately $507.6 million, making it the firm's third biggest position.
• Alphabet recently declared a quarterly dividend of $0.21 per share, with a payout ratio of 8.95% and an annualized yield of 0.3%.
• Analysts have raised price targets for Alphabet, with Citigroup increasing it from $225 to $280 while maintaining a "buy" rating, contributing to a consensus target price of $233.44.

Compagnie Lombard Odier SCmA increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,880,545 shares of the information services provider's stock after buying an additional 53,372 shares during the period. Alphabet comprises about 6.7% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 3rd biggest position. Compagnie Lombard Odier SCmA's holdings in Alphabet were worth $507,639,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GOOGL. Bfsg LLC increased its stake in Alphabet by 0.6% in the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock valued at $1,838,000 after purchasing an additional 59 shares during the last quarter. Enzi Wealth increased its stake in Alphabet by 2.5% in the first quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock valued at $408,000 after purchasing an additional 62 shares during the last quarter. Park Capital Management LLC WI increased its stake in Alphabet by 1.1% in the second quarter. Park Capital Management LLC WI now owns 6,005 shares of the information services provider's stock valued at $1,058,000 after purchasing an additional 65 shares during the last quarter. Wolff Financial Management LLC increased its stake in Alphabet by 2.6% in the second quarter. Wolff Financial Management LLC now owns 2,632 shares of the information services provider's stock valued at $464,000 after purchasing an additional 66 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its stake in Alphabet by 1.2% in the first quarter. Whipplewood Advisors LLC now owns 5,438 shares of the information services provider's stock valued at $817,000 after purchasing an additional 67 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 15,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total transaction of $2,786,400.00. Following the completion of the sale, the director directly owned 240,400 shares of the company's stock, valued at $44,656,704. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 2,778 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the sale, the chief accounting officer directly owned 17,293 shares of the company's stock, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 258,088 shares of company stock valued at $52,405,304. 11.64% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $246.54 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a fifty day moving average price of $215.93 and a 200 day moving average price of $183.03. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $256.00. The company has a market cap of $2.98 trillion, a PE ratio of 26.26, a P/E/G ratio of 1.66 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. Sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on GOOGL. Citigroup increased their price target on shares of Alphabet from $225.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, September 15th. UBS Group increased their price objective on Alphabet from $192.00 to $202.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Moffett Nathanson increased their price objective on Alphabet from $230.00 to $295.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company increased their price objective on Alphabet from $184.00 to $187.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Loop Capital reissued a "hold" rating and issued a $190.00 price objective (up from $165.00) on shares of Alphabet in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $233.44.

Alphabet 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.

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