KCM Investment Advisors LLC Buys 61 Shares of Alphabet Inc (NASDAQ:GOOG)

KCM Investment Advisors LLC boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,866 shares of the information services provider’s stock after purchasing an additional 61 shares during the quarter. KCM Investment Advisors LLC’s holdings in Alphabet were worth $9,180,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lighthouse Financial Advisors Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $25,000. OLD Second National Bank of Aurora boosted its holdings in Alphabet by 50.0% in the 4th quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 10 shares during the last quarter. Wealthcare Capital Management LLC boosted its holdings in Alphabet by 300.0% in the 4th quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock valued at $43,000 after purchasing an additional 24 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in Alphabet in the 4th quarter valued at about $43,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Alphabet in the 4th quarter valued at about $47,000. 33.53% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. Raymond James restated an “outperform” rating and issued a $1,580.00 price objective (up from $1,475.00) on shares of Alphabet in a report on Tuesday, February 4th. They noted that the move was a valuation call. Wedbush reissued an “outperform” rating and set a $1,625.00 target price on shares of Alphabet in a research report on Tuesday, February 4th. Cfra boosted their target price on shares of Alphabet from $1,737.00 to $1,761.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 6th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Finally, Citigroup boosted their target price on shares of Alphabet from $1,500.00 to $1,700.00 and gave the stock a “positive” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,581.81.

In related news, major shareholder Capitalg Lp sold 2,085,172 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $52.59, for a total transaction of $109,659,195.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 31 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $1,459.40, for a total value of $45,241.40. The disclosure for this sale can be found here. Insiders have sold a total of 5,204,053 shares of company stock worth $335,936,779 over the last three months. 12.99% of the stock is owned by insiders.

Shares of NASDAQ:GOOG traded up $40.19 during midday trading on Thursday, reaching $1,142.68. The company had a trading volume of 1,522,596 shares, compared to its average volume of 3,222,223. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35. The stock’s fifty day moving average price is $1,342.87 and its 200-day moving average price is $1,321.06. The stock has a market capitalization of $779.70 billion, a P/E ratio of 23.23, a PEG ratio of 1.36 and a beta of 1.02. Alphabet Inc has a one year low of $1,013.54 and a one year high of $1,532.11.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.76 by $2.59. The business had revenue of $46.08 billion during the quarter, compared to analyst estimates of $46.87 billion. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.95 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc will post 52.67 earnings per share for the current year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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