Alphabet Inc. (GOOG) Holdings Held by Kings Point Capital Management

Kings Point Capital Management maintained its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 886 shares of the information services provider’s stock at the close of the 2nd quarter. Kings Point Capital Management’s holdings in Alphabet were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GOOG. Brookstone Capital Management increased its stake in shares of Alphabet by 7.1% in the second quarter. Brookstone Capital Management now owns 440 shares of the information services provider’s stock worth $400,000 after purchasing an additional 29 shares in the last quarter. Capital Advantage Inc. increased its stake in shares of Alphabet by 0.4% in the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after purchasing an additional 1 shares in the last quarter. Buckingham Asset Management LLC increased its stake in shares of Alphabet by 39.4% in the second quarter. Buckingham Asset Management LLC now owns 1,163 shares of the information services provider’s stock worth $1,057,000 after purchasing an additional 329 shares in the last quarter. High Pointe Capital Management LLC increased its stake in shares of Alphabet by 1.5% in the second quarter. High Pointe Capital Management LLC now owns 1,741 shares of the information services provider’s stock worth $1,582,000 after purchasing an additional 25 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Alphabet by 85.6% in the second quarter. Pacer Advisors Inc. now owns 35,650 shares of the information services provider’s stock worth $32,396,000 after purchasing an additional 16,440 shares in the last quarter. 34.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (GOOG) opened at $1,040.61 on Monday. The firm has a market cap of $723,016.88, a P/E ratio of 34.84 and a beta of 0.95. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 1-year low of $737.02 and a 1-year high of $1,048.39.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $9.06 EPS.

Several equities analysts have recently weighed in on the stock. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,080.50 target price for the company. in a research note on Monday. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,150.00 target price on shares of Alphabet in a research note on Thursday, October 19th. Pivotal Research lifted their target price on shares of Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a research note on Thursday, October 12th. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,047.86.

In related news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at approximately $3,560,171.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the sale, the chief executive officer now owns 1,618 shares of the company’s stock, valued at $1,507,069.92. The disclosure for this sale can be found here. Insiders have sold a total of 38,394 shares of company stock valued at $37,937,930 over the last quarter. 13.92% of the stock is currently owned by company insiders.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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