Oddo BHF Asset Management Sas Acquires New Shares in Alphabet Inc. (NASDAQ:GOOGL)

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

Several other hedge funds also recently modified their holdings of GOOGL. Christopher J. Hasenberg Inc grew its holdings in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider's stock valued at $26,000 after purchasing an additional 60 shares during the period. LMR Partners LLP purchased a new position in shares of Alphabet in the 3rd quarter worth $32,000. Kings Path Partners LLC acquired a new position in Alphabet in the second quarter valued at $36,000. Denver PWM LLC purchased a new stake in Alphabet during the second quarter valued at about $41,000. Finally, Quarry LP acquired a new stake in Alphabet during the second quarter worth about $53,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GOOGL has been the topic of several analyst reports. JMP Securities raised their target price on Alphabet from $200.00 to $220.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Tigress Financial boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 26th. Sanford C. Bernstein raised their price target on shares of Alphabet from $180.00 to $185.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a report on Wednesday, October 30th. Finally, Piper Sandler restated an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $206.69.

Alphabet Stock Performance

Shares of GOOGL traded up $2.90 during mid-day trading on Friday, hitting $191.41. The company's stock had a trading volume of 62,697,719 shares, compared to its average volume of 27,725,518. The stock's 50-day moving average is $173.99 and its two-hundred day moving average is $171.21. The firm has a market capitalization of $2.34 trillion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. 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 Inc. has a one year low of $130.66 and a one year high of $201.42.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's dividend payout ratio is 10.61%.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 2,834 shares of the business's 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 transaction, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. The trade was a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 16,802 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $165.47, for a total transaction of $2,780,226.94. Following the sale, the insider now directly owns 43,999 shares of the company's stock, valued at approximately $7,280,514.53. The trade was a 27.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 178,957 shares of company stock valued at $31,358,687. Company insiders own 11.55% of the company's stock.

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.