Kirr Marbach & Co. LLC IN Has $17.85 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Kirr Marbach & Co. LLC IN decreased its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,417 shares of the information services provider’s stock after selling 143 shares during the period. Alphabet comprises about 4.8% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 3rd biggest holding. Kirr Marbach & Co. LLC IN’s holdings in Alphabet were worth $17,848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carter Financial Group INC. acquired a new position in Alphabet in the 1st quarter worth approximately $381,000. First National Trust Co lifted its position in Alphabet by 8.2% in the 1st quarter. First National Trust Co now owns 13,035 shares of the information services provider’s stock worth $36,255,000 after buying an additional 992 shares in the last quarter. Edge Capital Group LLC lifted its position in Alphabet by 0.6% in the 1st quarter. Edge Capital Group LLC now owns 1,884 shares of the information services provider’s stock worth $5,240,000 after buying an additional 12 shares in the last quarter. Westhampton Capital LLC lifted its position in Alphabet by 4.6% in the 1st quarter. Westhampton Capital LLC now owns 640 shares of the information services provider’s stock worth $1,780,000 after buying an additional 28 shares in the last quarter. Finally, Venture Visionary Partners LLC lifted its position in Alphabet by 1.5% in the 1st quarter. Venture Visionary Partners LLC now owns 6,549 shares of the information services provider’s stock worth $18,215,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 41.70% of the company’s stock.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 1,109 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the sale, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director John L. Hennessy sold 31 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $2,280.98, for a total value of $70,710.38. Following the completion of the sale, the director now owns 265 shares in the company, valued at $604,459.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 1,109 shares of the firm’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the transaction, the senior vice president now owns 1,608 shares in the company, valued at approximately $3,484,117.92. The disclosure for this sale can be found here. Insiders have sold 6,737 shares of company stock valued at $11,549,847 over the last three months. 11.44% of the stock is owned by insiders.

Alphabet Trading Up 0.2 %

GOOGL stock opened at $115.13 on Wednesday. The business has a fifty day moving average price of $154.71 and a 200 day moving average price of $138.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. Alphabet Inc. has a fifty-two week low of $101.88 and a fifty-two week high of $151.55. The stock has a market capitalization of $1.52 trillion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 1.88 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.11). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same period in the prior year, the firm earned $27.26 earnings per share. Analysts expect that Alphabet Inc. will post 5.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GOOGL shares. Bank of America cut their target price on shares of Alphabet from $132.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Guggenheim cut their price target on shares of Alphabet to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Morgan Stanley raised their price target on shares of Alphabet from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Susquehanna cut their price target on shares of Alphabet from $187.50 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, July 27th. Finally, Wolfe Research cut their price target on shares of Alphabet from $175.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Five equities research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.29.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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