Keb Asset Management LLC Has $273,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

Keb Asset Management LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,943.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,840 shares of the information services provider’s stock after purchasing an additional 2,701 shares during the period. Keb Asset Management LLC’s holdings in Alphabet were worth $273,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. DC Investments Management LLC acquired a new position in shares of Alphabet in the 1st quarter valued at about $115,000. Guardian Wealth Management Inc. acquired a new position in Alphabet in the first quarter worth approximately $184,000. Turim 21 Investimentos Ltda. increased its holdings in Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in Alphabet in the second quarter worth approximately $203,000. Finally, Aspireon Wealth Advisors acquired a new position in Alphabet in the second quarter worth approximately $212,000. Institutional investors and hedge funds own 28.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on GOOG shares. JPMorgan Chase & Co. set a $115.00 price objective on Alphabet in a report on Wednesday, October 26th. UBS Group set a $115.00 price objective on Alphabet in a report on Thursday, January 12th. Sanford C. Bernstein set a $120.00 target price on Alphabet in a research report on Thursday, January 12th. Oppenheimer decreased their target price on Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Credit Suisse Group set a $128.00 target price on Alphabet in a research report on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.56.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares in the company, valued at $6,872,965.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the stock in a transaction dated Monday, October 24th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the purchase, the insider now owns 11,522,248 shares in the company, valued at approximately $195,878,216. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $99.28 on Friday. The business has a fifty day simple moving average of $93.52 and a 200 day simple moving average of $102.16. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08. Alphabet Inc. has a one year low of $83.45 and a one year high of $152.10.

Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $70.67 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts expect 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.