Key Financial Inc Has $646,000 Holdings in Alphabet Inc. (NASDAQ:GOOG)

Key Financial Inc lifted its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,918.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,720 shares of the information services provider’s stock after buying an additional 6,387 shares during the quarter. Key Financial Inc’s holdings in Alphabet were worth $646,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. OLD Second National Bank of Aurora increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares in the last quarter. NewSquare Capital LLC increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares in the last quarter. Schubert & Co increased its holdings in Alphabet by 1,192.9% during the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 334 shares in the last quarter. Finally, Corsicana & Co. increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 380 shares in the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of Alphabet stock opened at $99.21 on Wednesday. The company has a market capitalization of $1.28 trillion, a PE ratio of 19.70, a PEG ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $93.63 and its 200 day simple moving average is $102.00.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $69.09 billion for the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 EPS. On average, research analysts predict that Alphabet Inc. will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOG shares. Societe Generale dropped their price target on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Sanford C. Bernstein set a $120.00 price objective on Alphabet in a research report on Thursday, January 12th. Oppenheimer decreased their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Cowen decreased their price objective on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Finally, UBS Group set a $115.00 price objective on Alphabet in a research report on Thursday, January 12th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.40.

Insider Buying and Selling

In other Alphabet news, Director Ann Mather sold 360 shares of Alphabet stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $98.48, for a total value of $35,452.80. Following the sale, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, Director Ann Mather sold 360 shares of Alphabet stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $98.48, for a total value of $35,452.80. Following the sale, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv purchased 182,312 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average cost of $34.60 per share, for a total transaction of $6,307,995.20. Following the purchase, the insider now directly owns 1,294,527 shares in the company, valued at $44,790,634.20. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. 12.99% of the stock is currently owned by company insiders.

About Alphabet

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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.