EFG Asset Management Americas Corp. Has $8.42 Million Holdings in Alphabet Inc. $GOOG

EFG Asset Management Americas Corp. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,484 shares of the information services provider’s stock after selling 2,938 shares during the period. Alphabet makes up 1.6% of EFG Asset Management Americas Corp.’s portfolio, making the stock its 15th biggest position. EFG Asset Management Americas Corp.’s holdings in Alphabet were worth $8,423,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC grew its stake in Alphabet by 400.0% during the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 120 shares in the last quarter. Robbins Farley boosted its position in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC grew its position in Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after acquiring an additional 61 shares in the last quarter. Fairman Group LLC raised its holdings in shares of Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 97 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the 1st quarter valued at $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of Alphabet stock opened at $292.99 on Thursday. 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 company has a market cap of $3.54 trillion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.86 and a beta of 1.05. The firm has a fifty day moving average price of $260.83 and a two-hundred day moving average price of $212.43. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $304.25.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, December 8th. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank set a $336.00 price objective on Alphabet and gave the company a “sector outperform” rating in a report on Thursday, October 30th. Robert W. Baird lifted their price target on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research report on Monday, September 22nd. HSBC restated a “buy” rating and issued a $335.00 price objective on shares of Alphabet in a research note on Thursday, October 30th. Cantor Fitzgerald set a $310.00 target price on shares of Alphabet and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Mizuho set a $325.00 price target on shares of Alphabet in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $324.81.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares in the company, valued at $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 17,816 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the transaction, the insider owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 195,452 shares of company stock worth $49,255,209. 12.99% of the stock is owned by corporate insiders.

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.