J. Safra Sarasin Holding AG Has $18.39 Million Stake in Alphabet Inc. $GOOG

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Alphabet Inc. by 2.7%, owning 103,659 shares valued at approximately $18.39 million as of the latest SEC filing.
• Alphabet's recent quarterly earnings report showed earnings per share of $2.31, beating estimates, with revenue of $96.43 billion, reflecting a year-over-year growth of 13.8%.
• The firm declared a quarterly dividend of $0.21 per share, yielding 0.3%, with a payout ratio of 8.95% as of the recent announcement.

J. Safra Sarasin Holding AG decreased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,659 shares of the information services provider's stock after selling 2,878 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Alphabet were worth $18,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Robbins Farley boosted its stake in shares of Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider's stock valued at $28,000 after buying an additional 60 shares during the period. Principia Wealth Advisory LLC boosted its stake in shares of Alphabet by 111.8% in the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Alphabet in the first quarter valued at approximately $32,000. Finally, Goodman Advisory Group LLC bought a new stake in shares of Alphabet in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $246.45 on Friday. The company has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.66 and a beta of 1.00. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $256.70. The stock has a fifty day simple moving average of $221.89 and a 200 day simple moving average of $187.15. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.Alphabet's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

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

Insider Activity

In other Alphabet news, Director Frances Arnold sold 103 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the sale, the director directly owned 17,284 shares in the company, valued at approximately $4,202,258.92. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the sale, the chief executive officer owned 2,402,119 shares of the company's stock, valued at approximately $584,699,785.79. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,738 shares of company stock worth $59,135,475. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on GOOG. Mizuho upgraded Alphabet to a "strong-buy" rating in a research note on Monday, September 29th. Pivotal Research boosted their price target on Alphabet from $245.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, September 3rd. Morgan Stanley boosted their price target on Alphabet from $210.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday. Wells Fargo & Company restated an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Piper Sandler restated a "neutral" rating on shares of Alphabet in a research note on Wednesday, July 9th. Five analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.33.

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.

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