Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by L.M. Kohn & Company

L.M. Kohn & Company boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,444 shares of the information services provider’s stock after acquiring an additional 70 shares during the period. L.M. Kohn & Company’s holdings in Alphabet were worth $1,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Partners boosted its holdings in Alphabet by 21.2% in the 1st quarter. Boston Partners now owns 32,381 shares of the information services provider’s stock worth $4,930,000 after buying an additional 5,662 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Alphabet by 44.9% in the second quarter. GAMMA Investing LLC now owns 53,976 shares of the information services provider’s stock valued at $9,900,000 after purchasing an additional 16,713 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Alphabet by 3.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 219,447 shares of the information services provider’s stock worth $40,251,000 after acquiring an additional 6,469 shares during the period. Hudson Valley Investment Advisors Inc. ADV raised its stake in Alphabet by 1.7% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 112,504 shares of the information services provider’s stock worth $20,635,000 after purchasing an additional 1,831 shares during the period. Finally, Marcum Wealth LLC lifted its holdings in Alphabet by 3.6% in the second quarter. Marcum Wealth LLC now owns 17,726 shares of the information services provider’s stock valued at $3,251,000 after acquiring an additional 622 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Citigroup raised their price objective on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Cantor Fitzgerald raised Alphabet to a “hold” rating in a report on Thursday, September 5th. Oppenheimer increased their target price on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $200.56.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $160.44, for a total value of $109,420.08. Following the transaction, the chief accounting officer now owns 32,017 shares of the company’s stock, valued at $5,136,807.48. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $176.67, for a total transaction of $3,975,075.00. Following the sale, the chief executive officer now directly owns 2,061,806 shares of the company’s stock, valued at approximately $364,259,266.02. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,795 shares of company stock valued at $34,673,866. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG opened at $170.49 on Friday. The firm has a fifty day moving average of $169.98 and a 200-day moving average of $171.84. The company has a market cap of $2.09 trillion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.19 and a beta of 1.04. 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 1 year low of $129.40 and a 1 year high of $193.31.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. During the same period last year, the firm posted $1.55 EPS. Alphabet’s quarterly revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

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.