Kalos Management Inc. Has $422,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Kalos Management Inc. cut its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 84.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156 shares of the information services provider’s stock after selling 826 shares during the period. Kalos Management Inc.’s holdings in Alphabet were worth $422,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dravo Bay LLC bought a new stake in shares of Alphabet during the 1st quarter worth about $28,000. Wealthgate Family Office LLC bought a new stake in shares of Alphabet during the 4th quarter worth about $32,000. Financial Enhancement Group LLC bought a new stake in shares of Alphabet during the 1st quarter worth about $31,000. Cordant Inc. bought a new stake in shares of Alphabet during the 1st quarter worth about $56,000. Finally, Bivin & Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter worth about $70,000. 1.88% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of GOOGL stock opened at $102.80 on Friday. The firm has a 50-day moving average of $113.25 and a 200-day moving average of $118.95. The company has a market cap of $1.34 trillion, a P/E ratio of 19.13, a P/E/G ratio of 1.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. Alphabet Inc. has a one year low of $100.94 and a one year high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). The firm had revenue of $57.47 billion during the quarter, compared to analysts’ expectations of $57.55 billion. Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the prior year, the company earned $27.26 EPS. Equities research analysts forecast that Alphabet Inc. will post 5.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of Alphabet from $154.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, September 7th. Guggenheim cut their price objective on shares of Alphabet to $130.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Exane BNP Paribas downgraded shares of Alphabet from an “outperform” rating to a “neutral” rating in a report on Wednesday, July 20th. Stifel Nicolaus set a $155.00 price objective on shares of Alphabet in a report on Monday, July 18th. Finally, Citigroup dropped their target price on shares of Alphabet from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Five equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.41.

Insider Activity

In related news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the completion of the sale, the director now owns 565 shares in the company, valued at $1,346,575.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Prabhakar Raghavan sold 1,109 shares of the firm’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the sale, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The disclosure for this sale can be found here. Insiders sold a total of 44,536 shares of company stock worth $15,729,998 over the last quarter. Insiders own 11.44% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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