Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by KLCM Advisors Inc.

KLCM Advisors Inc. boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,348 shares of the information services provider’s stock after buying an additional 415 shares during the period. KLCM Advisors Inc.’s holdings in Alphabet were worth $880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Live Oak Investment Partners acquired a new stake in Alphabet in the 4th quarter valued at $26,000. Armor Investment Advisors LLC purchased a new stake in shares of Alphabet in the second quarter worth about $28,000. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Alphabet by 136.7% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 284 shares of the information services provider’s stock valued at $34,000 after buying an additional 164 shares in the last quarter. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet during the 4th quarter valued at about $34,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in Alphabet during the 3rd quarter worth approximately $38,000. 35.08% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $132.92, for a total transaction of $26,584.00. Following the completion of the sale, the director now directly owns 7,184 shares of the company’s stock, valued at approximately $954,897.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $132.92, for a total transaction of $26,584.00. Following the transaction, the director now owns 7,184 shares in the company, valued at $954,897.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kavitark Ram Shriram sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $131.09, for a total transaction of $9,831,750.00. Following the completion of the sale, the director now owns 104,364 shares of the company’s stock, valued at $13,681,076.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,576 shares of company stock valued at $23,425,367. 0.88% of the stock is owned by insiders.

Analysts Set New Price Targets

GOOGL has been the topic of a number of analyst reports. Susquehanna reiterated a “positive” rating and set a $150.00 price objective on shares of Alphabet in a research note on Thursday, August 31st. Wedbush reissued an “outperform” rating and issued a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Morgan Stanley lowered their target price on Alphabet from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, October 25th. KeyCorp cut their price target on Alphabet from $155.00 to $153.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Finally, Jefferies Financial Group lifted their price objective on Alphabet from $150.00 to $165.00 in a report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.00.

Alphabet Stock Up 0.7 %

Shares of Alphabet stock opened at $136.25 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 1 year low of $84.86 and a 1 year high of $141.22. The stock has a 50-day moving average price of $133.42 and a 200 day moving average price of $127.88. The company has a market cap of $1.71 trillion, a P/E ratio of 26.15, a P/E/G ratio of 1.51 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $64.05 billion during the quarter, compared to analysts’ expectations of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. As a group, analysts expect that Alphabet Inc. will post 5.74 EPS for the current fiscal year.

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.