KLCM Advisors Inc. Buys 6,189 Shares of Alphabet Inc. (NASDAQ:GOOGL)

KLCM Advisors Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 97.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,547 shares of the information services provider’s stock after purchasing an additional 6,189 shares during the quarter. KLCM Advisors Inc.’s holdings in Alphabet were worth $1,753,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOOGL. Rakuten Securities Inc. purchased a new stake in Alphabet during the fourth quarter valued at $1,140,000. Quantum Private Wealth LLC raised its position in shares of Alphabet by 0.7% during the 4th quarter. Quantum Private Wealth LLC now owns 28,930 shares of the information services provider’s stock valued at $4,041,000 after buying an additional 200 shares in the last quarter. Phoenix Wealth Advisors lifted its holdings in shares of Alphabet by 5.8% in the 4th quarter. Phoenix Wealth Advisors now owns 2,665 shares of the information services provider’s stock valued at $368,000 after acquiring an additional 145 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in Alphabet by 4.2% during the fourth quarter. Duncker Streett & Co. Inc. now owns 78,577 shares of the information services provider’s stock valued at $10,976,000 after purchasing an additional 3,182 shares during the period. Finally, Sloy Dahl & Holst LLC increased its position in shares of Alphabet by 37.1% during the 4th quarter. Sloy Dahl & Holst LLC now owns 3,422 shares of the information services provider’s stock valued at $478,000 after purchasing an additional 926 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $159.13 on Thursday. The stock has a market cap of $1.98 trillion, a price-to-earnings ratio of 27.44, a PEG ratio of 1.44 and a beta of 1.05. Alphabet Inc. has a 12 month low of $102.63 and a 12 month high of $160.22. The company has a 50 day simple moving average of $146.96 and a two-hundred day simple moving average of $141.06. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the prior year, the company earned $1.05 earnings per share. As a group, analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent analyst reports. Canaccord Genuity Group increased their target price on shares of Alphabet from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Roth Mkm reduced their price target on Alphabet from $166.00 to $164.00 and set a “buy” rating on the stock in a report on Wednesday, January 31st. Redburn Atlantic increased their target price on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a report on Wednesday, January 31st. Five research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.71.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares of the company’s stock, valued at $362,516,961.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $157.41, for a total value of $3,541,725.00. Following the transaction, the chief executive officer now owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last ninety days. Company insiders own 0.88% of the company’s stock.

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.