Alphabet Inc. $GOOG Shares Acquired by Kooman & Associates

Kooman & Associates lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,127 shares of the information services provider’s stock after buying an additional 56 shares during the quarter. Alphabet accounts for approximately 0.2% of Kooman & Associates’ holdings, making the stock its 22nd largest holding. Kooman & Associates’ holdings in Alphabet were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Independence Bank of Kentucky lifted its stake in shares of Alphabet by 10.2% in the first quarter. Independence Bank of Kentucky now owns 14,907 shares of the information services provider’s stock worth $2,329,000 after acquiring an additional 1,376 shares in the last quarter. RDA Financial Network increased its holdings in Alphabet by 5.3% during the 2nd quarter. RDA Financial Network now owns 11,094 shares of the information services provider’s stock worth $1,968,000 after purchasing an additional 554 shares during the last quarter. Fermata Advisors LLC raised its position in shares of Alphabet by 2.7% in the 1st quarter. Fermata Advisors LLC now owns 9,771 shares of the information services provider’s stock valued at $1,527,000 after purchasing an additional 259 shares in the last quarter. Oldfather Financial Services LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $213,000. Finally, Members Trust Co grew its position in shares of Alphabet by 84.7% during the first quarter. Members Trust Co now owns 4,999 shares of the information services provider’s stock worth $781,000 after buying an additional 2,292 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating on shares of Alphabet in a report on Wednesday, July 9th. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 target price on shares of Alphabet in a research note on Monday, June 2nd. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Robert W. Baird boosted their price objective on Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $210.00 target price (up previously from $185.00) on shares of Alphabet in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.35.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $247.18 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $2.99 trillion, a PE ratio of 26.32, a P/E/G ratio of 1.67 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $256.70. The business’s fifty day moving average price is $216.61 and its two-hundred day moving average price is $184.53.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 earnings per share. On average, research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 8th were given a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is 8.95%.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $249.44, for a total transaction of $149,664.00. Following the sale, the director owned 5,716 shares of the company’s stock, valued at approximately $1,425,799.04. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $2,786,400.00. Following the transaction, the director owned 240,400 shares of the company’s stock, valued at approximately $44,656,704. This represents a 5.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,866 shares of company stock valued at $52,363,610 in the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet 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.