James Hambro & Partners LLP Increases Stock Position in Alphabet Inc. $GOOGL

Key Points

• James Hambro & Partners LLP increased its stake in Alphabet Inc. by 3.8% in the second quarter, now holding a total of 44,452 shares valued at approximately $7.83 million.
• Multiple hedge funds, including Vanguard Group and UBS AM, have also raised their stakes in Alphabet during the first quarter, with Vanguard owning 509.8 million shares worth nearly $78.84 billion.
• Alphabet recently reported a quarterly earnings per share (EPS) of $2.31, surpassing analyst expectations, with revenue of $96.43 billion for the quarter.

James Hambro & Partners LLP boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,452 shares of the information services provider's stock after buying an additional 1,628 shares during the quarter. Alphabet accounts for about 0.3% of James Hambro & Partners LLP's holdings, making the stock its 22nd biggest holding. James Hambro & Partners LLP's holdings in Alphabet were worth $7,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Alphabet by 2.9% during the first quarter. Vanguard Group Inc. now owns 509,826,331 shares of the information services provider's stock worth $78,839,544,000 after buying an additional 14,307,345 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Alphabet by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 43,865,520 shares of the information services provider's stock worth $6,783,364,000 after buying an additional 4,473,901 shares during the period. Invesco Ltd. boosted its stake in Alphabet by 1.4% during the first quarter. Invesco Ltd. now owns 43,648,514 shares of the information services provider's stock worth $6,749,806,000 after buying an additional 593,345 shares during the period. Deutsche Bank AG boosted its stake in Alphabet by 1.9% during the first quarter. Deutsche Bank AG now owns 39,792,300 shares of the information services provider's stock worth $6,153,481,000 after buying an additional 727,335 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Alphabet by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 38,556,577 shares of the information services provider's stock worth $5,962,389,000 after buying an additional 104,859 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 18,566 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the transaction, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Kent Walker sold 23,820 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,738 shares of company stock worth $59,135,475. Insiders own 11.64% of the company's stock.

Alphabet Stock Up 0.3%

GOOGL stock opened at $245.69 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.00. The company's 50 day moving average is $220.21 and its two-hundred day moving average is $185.22. The stock has a market cap of $2.97 trillion, a P/E ratio of 26.17, a PEG ratio of 1.65 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping 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 net margin of 31.12% and a return on equity of 34.31%. Research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GOOGL. Rosenblatt Securities increased their price target on shares of Alphabet from $191.00 to $224.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd. Mizuho set a $295.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a research report on Monday. Morgan Stanley set a $270.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a research report on Thursday. Wall Street Zen cut shares of Alphabet from a "buy" rating to a "hold" rating in a research report on Sunday, September 21st. Finally, BNP Paribas Exane reissued a "neutral" rating and set a $172.00 price target on shares of Alphabet in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus target price of $240.76.

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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