KFA Private Wealth Group LLC Purchases 123 Shares of Alphabet Inc. (NASDAQ:GOOGL)

KFA Private Wealth Group LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the third quarter, HoldingsChannel.com reports. The firm owned 4,374 shares of the information services provider’s stock after acquiring an additional 123 shares during the period. KFA Private Wealth Group LLC’s holdings in Alphabet were worth $725,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norway Savings Bank increased its holdings in shares of Alphabet by 5.6% during the first quarter. Norway Savings Bank now owns 31,840 shares of the information services provider’s stock valued at $4,806,000 after acquiring an additional 1,682 shares in the last quarter. New England Research & Management Inc. increased its holdings in shares of Alphabet by 7.3% during the first quarter. New England Research & Management Inc. now owns 39,672 shares of the information services provider’s stock valued at $5,988,000 after acquiring an additional 2,711 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its holdings in shares of Alphabet by 9.8% during the first quarter. Astoria Portfolio Advisors LLC. now owns 11,487 shares of the information services provider’s stock valued at $1,779,000 after acquiring an additional 1,029 shares in the last quarter. KRS Capital Management LLC increased its holdings in shares of Alphabet by 2.6% during the first quarter. KRS Capital Management LLC now owns 11,640 shares of the information services provider’s stock valued at $1,757,000 after acquiring an additional 300 shares in the last quarter. Finally, Webster Bank N. A. increased its holdings in Alphabet by 1.6% in the 1st quarter. Webster Bank N. A. now owns 143,839 shares of the information services provider’s stock worth $21,710,000 after buying an additional 2,208 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 in the last 90 days. 11.55% of the stock is owned by insiders.

Alphabet Trading Up 1.8 %

Shares of GOOGL opened at $169.68 on Wednesday. Alphabet Inc. has a 52-week low of $122.68 and a 52-week high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $162.00 and its two-hundred day moving average is $168.74. The stock has a market cap of $2.10 trillion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target on the stock. UBS Group increased their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $181.00 price target on shares of Alphabet in a report on Wednesday, July 24th. Morgan Stanley cut their price target on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, Evercore ISI cut their price target on shares of Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Seven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $201.76.

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.