KFG Wealth Management LLC Acquires 99 Shares of Alphabet Inc. (NASDAQ:GOOG)

KFG Wealth Management LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 3,368 shares of the information services provider’s stock after acquiring an additional 99 shares during the quarter. KFG Wealth Management LLC’s holdings in Alphabet were worth $641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GOOG. Jamison Private Wealth Management Inc. lifted its position in Alphabet by 2.4% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 49,838 shares of the information services provider’s stock valued at $9,491,000 after purchasing an additional 1,186 shares in the last quarter. Archford Capital Strategies LLC raised its stake in shares of Alphabet by 3.5% in the fourth quarter. Archford Capital Strategies LLC now owns 24,208 shares of the information services provider’s stock worth $4,610,000 after buying an additional 823 shares during the period. Duncan Williams Asset Management LLC lifted its position in shares of Alphabet by 251.7% during the 4th quarter. Duncan Williams Asset Management LLC now owns 7,397 shares of the information services provider’s stock valued at $1,409,000 after buying an additional 5,294 shares in the last quarter. Anderson Hoagland & Co. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $208,000. Finally, Arkfeld Wealth Strategies L.L.C. increased its holdings in Alphabet by 1.3% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 26,515 shares of the information services provider’s stock worth $5,099,000 after acquiring an additional 343 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $197.07 on Wednesday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a 50 day moving average price of $188.29 and a 200 day moving average price of $175.13. The stock has a market capitalization of $2.41 trillion, a P/E ratio of 26.14, a PEG ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the sale, the director now owns 21,824 shares in the company, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,887 shares of company stock valued at $22,470,464. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on GOOG shares. Citizens Jmp lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. UBS Group increased their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Pivotal Research boosted their price objective on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group boosted their price target on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.13.

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