Edmond DE Rothschild Holding S.A. Has $215.30 Million Stake in Alphabet Inc. $GOOGL

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Alphabet Inc. by 1.7% in Q1, now owning 1,392,293 shares valued at $215.30 million, making it Alphabet's second-largest shareholder.
• Alphabet's recent quarterly earnings exceeded expectations, reporting a net revenue of $96.43 billion and an EPS of $2.31, above the estimated $2.15.
• Insider trading activity includes CEO Sundar Pichai selling 32,500 shares for $6.5 million, reflecting a decrease in his ownership position by 1.3%.

Edmond DE Rothschild Holding S.A. lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,392,293 shares of the information services provider's stock after acquiring an additional 23,280 shares during the quarter. Alphabet accounts for about 3.8% of Edmond DE Rothschild Holding S.A.'s investment portfolio, making the stock its 2nd largest holding. Edmond DE Rothschild Holding S.A.'s holdings in Alphabet were worth $215,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in GOOGL. Eagle Capital Management LLC lifted its position in Alphabet by 0.7% during the fourth quarter. Eagle Capital Management LLC now owns 50,132 shares of the information services provider's stock valued at $9,490,000 after purchasing an additional 371 shares during the last quarter. Brighton Jones LLC increased its stake in Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its stake in Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after buying an additional 506 shares during the period. Highview Capital Management LLC DE grew its holdings in Alphabet by 3.6% during the 4th quarter. Highview Capital Management LLC DE now owns 29,100 shares of the information services provider's stock worth $5,509,000 after acquiring an additional 1,003 shares in the last quarter. Finally, Legacy Investment Solutions LLC grew its holdings in Alphabet by 13.7% during the 4th quarter. Legacy Investment Solutions LLC now owns 980 shares of the information services provider's stock worth $182,000 after acquiring an additional 118 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOGL. Evercore ISI set a $240.00 price target on shares of Alphabet and gave the company an "outperform" rating in a report on Wednesday. BNP Paribas cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Citizens Jmp raised shares of Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research report on Friday, June 27th. JMP Securities lifted their target price on shares of Alphabet from $225.00 to $250.00 and gave the company a "market outperform" rating in a report on Wednesday. Finally, Loop Capital reissued a "hold" rating and issued a $190.00 price target (up previously from $165.00) on shares of Alphabet in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $221.31.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $199.92, for a total transaction of $6,497,400.00. Following the completion of the transaction, the chief executive officer owned 2,462,392 shares in the company, valued at $492,281,408.64. The trade was a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $203.79, for a total value of $122,274.00. Following the transaction, the director owned 6,316 shares of the company's stock, valued at $1,287,137.64. This trade represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 222,210 shares of company stock valued at $41,742,155 over the last 90 days. 11.55% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $230.66 on Thursday. The stock has a fifty day moving average price of $193.49 and a 200 day moving average price of $174.80. The company has a market cap of $2.79 trillion, a PE ratio of 24.56, a P/E/G ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $231.31.

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

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

About Alphabet

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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