Alphabet Inc. (GOOGL) is Lombard Odier & Cie Canada Limited Partnership’s 9th Largest Position

Lombard Odier & Cie Canada Limited Partnership reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,485 shares of the company’s stock after selling 140 shares during the period. Alphabet accounts for 3.4% of Lombard Odier & Cie Canada Limited Partnership’s investment portfolio, making the stock its 9th largest position. Lombard Odier & Cie Canada Limited Partnership’s holdings in Alphabet were worth $1,193,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Donald L. Hagan LLC boosted its stake in shares of Alphabet by 349.2% in the second quarter. Donald L. Hagan LLC now owns 530 shares of the company’s stock valued at $373,000 after buying an additional 412 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in shares of Alphabet by 11.6% in the second quarter. Hermes Investment Management Ltd. now owns 133,524 shares of the company’s stock valued at $93,938,000 after buying an additional 13,880 shares during the last quarter. America First Investment Advisors LLC boosted its stake in shares of Alphabet by 2.3% in the second quarter. America First Investment Advisors LLC now owns 11,045 shares of the company’s stock valued at $7,770,000 after buying an additional 251 shares during the last quarter. YHB Investment Advisors Inc. boosted its stake in shares of Alphabet by 17.4% in the second quarter. YHB Investment Advisors Inc. now owns 11,034 shares of the company’s stock valued at $7,763,000 after buying an additional 1,633 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC acquired a new stake in shares of Alphabet during the second quarter valued at approximately $28,278,000. Institutional investors own 35.12% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Alphabet Inc. (NASDAQ:GOOGL) opened at 834.85 on Friday. The stock has a market cap of $577.23 billion, a PE ratio of 29.95 and a beta of 0.98. Alphabet Inc. has a 52-week low of $672.66 and a 52-week high of $867.00. The firm has a 50-day moving average price of $824.91 and a 200 day moving average price of $805.03.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $9.64 by $0.28. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. During the same period in the prior year, the company earned $8.67 earnings per share. Equities analysts anticipate that Alphabet Inc. will post $33.36 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Alphabet Inc. (GOOGL) is Lombard Odier & Cie Canada Limited Partnership’s 9th Largest Position” was first published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this news story on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be viewed at http://sleekmoney.com/alphabet-inc-googl-is-lombard-odier-cie-canada-limited-partnerships-9th-largest-position/1655621.html.

Several research firms have recently weighed in on GOOGL. Canaccord Genuity reaffirmed a “buy” rating and set a $925.00 target price on shares of Alphabet in a report on Wednesday, December 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $1,040.00 target price on shares of Alphabet in a report on Monday, January 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a $970.00 target price on shares of Alphabet in a report on Monday, January 23rd. RBC Capital Markets reaffirmed an “outperform” rating and set a $1,025.00 target price on shares of Alphabet in a report on Thursday, November 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a report on Friday, December 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating, forty have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $967.75.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOGL

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/alphabet-inc-googl-is-lombard-odier-cie-canada-limited-partnerships-9th-largest-position/1655621.html

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *