CKW Financial Group Has $211,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

CKW Financial Group lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,970.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,195 shares of the information services provider’s stock after acquiring an additional 2,089 shares during the quarter. CKW Financial Group’s holdings in Alphabet were worth $211,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Valley Forge Investment Consultants Inc. ADV raised its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Valley Forge Investment Consultants Inc. ADV now owns 3,260 shares of the information services provider’s stock worth $313,000 after acquiring an additional 3,097 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Alphabet by 1,967.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,522,913 shares of the information services provider’s stock valued at $531,028,000 after purchasing an additional 5,255,799 shares during the last quarter. HS Management Partners LLC boosted its stake in Alphabet by 1,690.2% during the 3rd quarter. HS Management Partners LLC now owns 1,319,165 shares of the information services provider’s stock valued at $126,838,000 after purchasing an additional 1,245,475 shares during the last quarter. Beck Mack & Oliver LLC boosted its stake in Alphabet by 1,903.5% during the 3rd quarter. Beck Mack & Oliver LLC now owns 1,140,908 shares of the information services provider’s stock valued at $109,698,000 after purchasing an additional 1,083,963 shares during the last quarter. Finally, Cadence Bank acquired a new position in Alphabet during the 3rd quarter valued at about $1,564,000. 28.69% of the stock is owned by institutional investors.

Alphabet Trading Down 1.9 %

Shares of GOOG stock opened at $89.35 on Monday. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $94.09 and its 200 day moving average is $99.03. The stock has a market capitalization of $1.14 trillion, a P/E ratio of 19.63, a P/E/G ratio of 1.23 and a beta of 1.08.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.09). Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $101.13, for a total value of $86,466.15. Following the transaction, the chief accounting officer now directly owns 24,908 shares in the company, valued at $2,518,946.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alphabet news, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the transaction, the director now directly owns 11,300 shares in the company, valued at $1,008,412. The transaction 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 the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $101.13, for a total transaction of $86,466.15. Following the completion of the transaction, the chief accounting officer now owns 24,908 shares in the company, valued at $2,518,946.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,583 shares of company stock worth $3,418,900. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GOOG shares. Roth Capital restated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Credit Suisse Group set a $136.00 target price on shares of Alphabet in a report on Friday, February 3rd. Raymond James upped their price target on shares of Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Piper Sandler decreased their price target on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, February 3rd. Finally, Bank of America upped their target price on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, January 31st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.13.

Alphabet Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.