Kanawha Capital Management LLC Sells 427 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kanawha Capital Management LLC reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,912 shares of the information services provider’s stock after selling 427 shares during the period. Alphabet makes up 1.7% of Kanawha Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Kanawha Capital Management LLC’s holdings in Alphabet were worth $18,147,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Live Oak Investment Partners purchased a new stake in Alphabet in the 4th quarter valued at $26,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Alphabet during the 4th quarter valued at $34,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of Alphabet during the 3rd quarter valued at $38,000. Meritage Group LP increased its position in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after purchasing an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC increased its position in shares of Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 199 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $154.09 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a fifty-two week low of $102.63 and a fifty-two week high of $160.22. The stock has a 50 day moving average price of $146.26 and a two-hundred day moving average price of $140.54. The company has a market capitalization of $1.92 trillion, a P/E ratio of 26.57, a PEG ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GOOGL shares. Mizuho raised their target price on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. BMO Capital Markets reiterated an “outperform” rating and set a $185.00 price target (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.41.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Frances Arnold sold 230 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares in the company, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 251,339 shares of company stock worth $36,377,482. 0.88% of the stock is currently owned by insiders.

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.