Alphabet Inc. (NASDAQ:GOOGL) is KMG Fiduciary Partners LLC’s 5th Largest Position

KMG Fiduciary Partners LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,007.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 168,157 shares of the information services provider’s stock after acquiring an additional 160,176 shares during the quarter. Alphabet comprises approximately 3.1% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 5th biggest position. KMG Fiduciary Partners LLC’s holdings in Alphabet were worth $16,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Alphabet by 1.4% during the first quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock valued at $64,817,723,000 after acquiring an additional 331,945 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in 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 buying an additional 17,019,726 shares in the last quarter. Fiera Capital Corp increased its holdings in 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 buying an additional 16,989,271 shares in the last quarter. Nordea Investment Management AB increased its holdings in 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 buying an additional 15,633,495 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Alphabet by 1,821.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,352,658 shares of the information services provider’s stock worth $894,580,000 after buying an additional 8,865,958 shares in the last quarter. 34.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Cowen reduced their price objective on Alphabet to $135.00 in a report on Thursday, October 27th. Credit Suisse Group reduced their price objective on Alphabet from $134.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Susquehanna Bancshares reduced their price objective on Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 26th. Sanford C. Bernstein cut their price target on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Tigress Financial cut their price target on Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research note on Friday, January 6th. Five investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $132.13.

Alphabet Stock Down 2.1 %

Shares of GOOGL opened at $97.70 on Wednesday. The stock has a market capitalization of $1.26 trillion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $151.55. The business’s 50 day simple moving average is $93.10 and its 200-day simple moving average is $101.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47.

Alphabet (NASDAQ:GOOGLGet Rating) last issued 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). The firm had revenue of $57.27 billion for the quarter, compared to analysts’ expectations of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same period last year, the company earned $1.40 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 360 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $98.48, for a total transaction of $35,452.80. Following the transaction, the director now owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 360 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $98.48, for a total value of $35,452.80. Following the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,112,824. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Insiders own 11.44% of the company’s stock.

Alphabet Profile

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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