Alphabet Inc. (NASDAQ:GOOGL) is KMG Fiduciary Partners LLC’s 5th Largest Position

KMG Fiduciary Partners LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,007.0% in the third quarter, HoldingsChannel reports. The firm owned 168,157 shares of the information services provider’s stock after buying an additional 160,176 shares during the period. Alphabet makes up approximately 3.1% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 5th largest position. KMG Fiduciary Partners LLC’s holdings in Alphabet were worth $16,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. IAG Wealth Partners LLC increased its holdings in shares of Alphabet by 3,275.0% in the third quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Artemis Wealth Advisors LLC increased its holdings in shares of Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 266 shares during the period. Horizons Wealth Management acquired a new position in shares of Alphabet in the second quarter valued at about $33,000. Schubert & Co increased its holdings in shares of Alphabet by 1,200.0% in the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 336 shares during the period. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 380 shares during the period. 34.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of Alphabet stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 661,702 shares of company stock valued at $23,399,217 and sold 190,464 shares valued at $8,535,735. 11.44% of the stock is owned by insiders.

Alphabet Price Performance

GOOGL stock opened at $97.70 on Wednesday. The business has a fifty day moving average of $93.10 and a two-hundred day moving average of $101.38. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.26 trillion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $57.27 billion for the quarter, compared to analyst estimates of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period last year, the business earned $1.40 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on GOOGL shares. Mizuho dropped their target price on Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. StockNews.com started coverage on Alphabet in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Tigress Financial dropped their target price on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Atlantic Securities dropped their target price on Alphabet to $115.00 in a report on Thursday, October 27th. Finally, Bank of America dropped their target price on Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.13.

About Alphabet

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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