Koss Olinger Consulting LLC Sells 568 Shares of Alphabet Inc. $GOOG

Koss Olinger Consulting LLC cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,391 shares of the information services provider’s stock after selling 568 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Alphabet were worth $5,036,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOG. MorganRosel Wealth Management LLC acquired a new stake in shares of Alphabet in the first quarter valued at approximately $26,000. IFS Advisors LLC lifted its holdings in Alphabet by 400.0% during the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after purchasing an additional 120 shares during the last quarter. Robbins Farley lifted its holdings in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC raised its holdings in Alphabet by 58.7% in the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 61 shares in the last quarter. Finally, Fairman Group LLC raised its holdings in Alphabet by 121.3% in the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Trading Down 0.6%

Shares of GOOG opened at $268.43 on Wednesday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $271.38. The business’s fifty day moving average is $239.97 and its 200-day moving average is $198.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market cap of $3.25 trillion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.82 and a beta of 1.00.

Analyst Ratings Changes

Several brokerages have weighed in on GOOG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, October 8th. Hsbc Global Res raised Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, UBS Group set a $255.00 price objective on Alphabet and gave the company a “neutral” rating in a report on Thursday, October 9th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $280.45.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director owned 5,116 shares in the company, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the completion of the transaction, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 246,150 shares of company stock worth $55,805,379. 12.99% of the stock is currently owned by insiders.

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.