217,577 Shares in Alphabet Inc. (NASDAQ:GOOGL) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 217,577 shares of the information services provider’s stock, valued at approximately $36,085,000. Alphabet accounts for approximately 1.8% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its stake in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Alphabet in the third quarter valued at about $32,000. Kings Path Partners LLC purchased a new position in shares of Alphabet in the second quarter valued at about $36,000. Denver PWM LLC bought a new position in shares of Alphabet in the second quarter worth about $41,000. Finally, Quarry LP purchased a new stake in shares of Alphabet during the second quarter worth about $53,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 0.1 %

Shares of NASDAQ GOOGL opened at $188.51 on Friday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $201.42. The firm has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.39 and a beta of 1.01. The stock has a 50 day moving average price of $173.99 and a 200 day moving average price of $171.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the business earned $1.55 EPS. Sell-side analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $194.22, for a total transaction of $291,330.00. Following the completion of the sale, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This trade represents a 12.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,957 shares of company stock valued at $31,358,687. Company insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. China Renaissance upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Bank of America upped their target price on shares of Alphabet from $206.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Wedbush reiterated an “outperform” rating and issued a $205.00 price target on shares of Alphabet in a report on Thursday, October 24th. DA Davidson assumed coverage on shares of Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.69.

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.