16,346 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by Kaye Capital Management

Posted by on Mar 27th, 2023

Kaye Capital Management bought a new position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 16,346 shares of the information services provider’s stock, valued at approximately $1,450,000. Alphabet makes up 0.8% of Kaye Capital Management’s investment portfolio, making the stock its 16th largest holding.

Other large investors also recently modified their holdings of the company. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock worth $3,281,000 after purchasing an additional 32,414 shares in the last quarter. Grand Jean Capital Management Inc. lifted its stake in Alphabet by 1,926.2% during the 3rd quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock valued at $13,186,000 after acquiring an additional 130,367 shares in the last quarter. Connecticut Wealth Management LLC lifted its stake in Alphabet by 1,415.4% during the 3rd quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock valued at $803,000 after acquiring an additional 7,799 shares in the last quarter. Matthew Goff Investment Advisor LLC lifted its stake in Alphabet by 4.2% during the 4th quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock valued at $655,000 after acquiring an additional 300 shares in the last quarter. Finally, Clarity Financial LLC lifted its stake in Alphabet by 2,118.6% during the 3rd quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock valued at $5,935,000 after acquiring an additional 58,940 shares in the last quarter. 28.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on GOOG. Credit Suisse Group set a $136.00 price objective on Alphabet in a research note on Friday, February 3rd. Piper Sandler dropped their price objective on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, February 3rd. Sanford C. Bernstein set a $130.00 price objective on Alphabet in a research note on Monday, February 6th. Societe Generale dropped their price objective on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Finally, Royal Bank of Canada set a $130.00 target price on Alphabet in a research note on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $135.11.

Alphabet Trading Down 0.2 %

Shares of GOOG opened at $106.06 on Monday. The business has a 50-day moving average of $97.08 and a 200 day moving average of $96.49. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $144.16. The firm has a market cap of $1.36 trillion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $1.53 EPS. As a group, research analysts forecast that Alphabet Inc. will post 5.12 EPS for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction dated 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 sale, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 11,313 shares of Alphabet stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the sale, the insider now owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders sold 74,245 shares of company stock valued at $7,174,078 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

About Alphabet

(Get Rating)

Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.

Read More

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Get Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.