Edmond DE Rothschild Holding S.A. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,103,180 shares of the information services provider’s stock after selling 114,244 shares during the period. Alphabet accounts for about 2.6% of Edmond DE Rothschild Holding S.A.’s portfolio, making the stock its 2nd biggest position. Edmond DE Rothschild Holding S.A.’s holdings in Alphabet were worth $114,433,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Live Oak Investment Partners bought a new stake in shares of Alphabet during the 4th quarter valued at about $26,000. Sanctuary Wealth Management L.L.C. bought a new position in Alphabet in the fourth quarter worth approximately $34,000. Turim 21 Investimentos Ltda. bought a new position in Alphabet in the third quarter worth approximately $38,000. IAG Wealth Partners LLC boosted its holdings in Alphabet by 100.0% in the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Finally, AM Squared Ltd bought a new position in Alphabet in the fourth quarter worth approximately $44,000. Institutional investors own 35.08% of the company’s stock.
Insider Activity at Alphabet
In related news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $15.06, for a total transaction of $563,319.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $15.06, for a total transaction of $563,319.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the sale, the senior vice president now owns 127,028 shares in the company, valued at $15,282,738.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,813 shares of company stock worth $7,380,379. 0.88% of the stock is owned by company insiders.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. During the same period in the previous year, the company posted $1.21 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post 5.68 EPS for the current year.
Analysts Set New Price Targets
GOOGL has been the topic of several recent research reports. Susquehanna reiterated a “positive” rating and issued a $150.00 price target on shares of Alphabet in a report on Thursday. Piper Sandler increased their price target on Alphabet from $140.00 to $148.00 in a report on Wednesday, July 26th. TD Cowen increased their price target on Alphabet from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, July 13th. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target on shares of Alphabet in a report on Friday, August 11th. Finally, UBS Group lowered Alphabet from a “buy” rating to a “neutral” rating and raised their target price for the company from $123.00 to $132.00 in a report on Monday, June 26th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $143.89.
Read Our Latest Stock Analysis on GOOGL
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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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