James Hambro & Partners Has $156.31 Million Position in Alphabet Inc. (NASDAQ:GOOG)

James Hambro & Partners trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 1.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 852,213 shares of the information services provider’s stock after selling 11,921 shares during the period. Alphabet accounts for approximately 7.3% of James Hambro & Partners’ investment portfolio, making the stock its 2nd biggest position. James Hambro & Partners’ holdings in Alphabet were worth $156,313,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new position in Alphabet during the 4th quarter valued at about $26,000. Equitec Proprietary Markets LLC bought a new stake in shares of Alphabet in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new position in Alphabet in the 4th quarter valued at approximately $32,000. Pacific Capital Wealth Advisors Inc. purchased a new position in Alphabet in the 4th quarter valued at approximately $34,000. Finally, Richardson Financial Services Inc. purchased a new position in Alphabet in the 4th quarter valued at approximately $34,000. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target for the company. in a research report on Friday, June 28th. Oppenheimer upped their price objective on shares of Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. TD Cowen upped their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $182.86.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $163.03, for a total value of $130,424.00. Following the transaction, the director now directly owns 30,024 shares in the company, valued at $4,894,812.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John L. Hennessy sold 800 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $163.03, for a total transaction of $130,424.00. Following the sale, the director now directly owns 30,024 shares in the company, valued at approximately $4,894,812.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the transaction, the chief accounting officer now directly owns 29,966 shares of the company’s stock, valued at $5,209,888.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,608 shares of company stock worth $21,567,504. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Alphabet stock traded down $4.57 during midday trading on Wednesday, reaching $161.36. 12,505,968 shares of the company traded hands, compared to its average volume of 20,454,426. The firm has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. The business has a 50 day moving average of $178.20 and a two-hundred day moving average of $163.67. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $84.22 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc. will post 7.62 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 0.50%. Alphabet’s payout ratio is presently 12.27%.

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.