Kelman Lazarov Inc. Acquires 15,957 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kelman Lazarov Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,838.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,825 shares of the information services provider’s stock after acquiring an additional 15,957 shares during the quarter. Alphabet accounts for about 0.5% of Kelman Lazarov Inc.’s portfolio, making the stock its 22nd largest position. Kelman Lazarov Inc.’s holdings in Alphabet were worth $1,609,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GOOGL. Vanguard Group Inc. lifted its position in shares of Alphabet by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after purchasing an additional 331,945 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Alphabet by 1,884.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,922,978 shares of the information services provider’s stock worth $1,714,333,000 after purchasing an additional 17,019,726 shares during the period. Fiera Capital Corp lifted its position in shares of Alphabet by 1,957.3% in the 2nd quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock worth $1,945,783,000 after purchasing an additional 16,989,271 shares during the period. Nordea Investment Management AB lifted its position in shares of Alphabet by 1,830.2% in the 3rd quarter. Nordea Investment Management AB now owns 16,487,668 shares of the information services provider’s stock worth $1,605,074,000 after purchasing an additional 15,633,495 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Alphabet by 1,876.5% in the 3rd quarter. Mackenzie Financial Corp now owns 7,170,066 shares of the information services provider’s stock worth $685,817,000 after purchasing an additional 6,807,300 shares during the period. 34.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the transaction, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the stock in a transaction dated Monday, October 24th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the acquisition, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Company insiders own 11.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on GOOGL shares. Robert W. Baird dropped their target price on shares of Alphabet to $120.00 in a research report on Thursday, October 27th. Bank of America dropped their target price on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Morgan Stanley dropped their target price on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 15th. Susquehanna Bancshares dropped their target price on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, October 26th. Finally, Atlantic Securities dropped their target price on shares of Alphabet to $115.00 in a research report on Thursday, October 27th. Five analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $92.12 on Friday. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.19 trillion, a PE ratio of 18.29, a P/E/G ratio of 1.53 and a beta of 1.09. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $151.55. The company has a 50-day moving average price of $92.82 and a two-hundred day moving average price of $102.19.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The business had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same quarter in the prior year, the business earned $1.40 EPS. Equities analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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