Alphabet Inc. $GOOG Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,928 shares of the information services provider’s stock after selling 251 shares during the period. Kesler Norman & Wride LLC’s holdings in Alphabet were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GOOG. Kingstone Capital Partners Texas LLC boosted its stake in shares of Alphabet by 580,897.4% during the second quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock valued at $23,963,208,000 after acquiring an additional 135,064,454 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Alphabet during the first quarter valued at $2,622,943,000. Vanguard Group Inc. boosted its stake in shares of Alphabet by 2.4% during the first quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock valued at $64,299,725,000 after acquiring an additional 9,687,855 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 9.9% during the first quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock valued at $15,971,861,000 after acquiring an additional 9,243,959 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Alphabet during the first quarter valued at $369,713,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wolfe Research raised their price target on Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group reissued a “neutral” rating on shares of Alphabet in a research note on Thursday. Raymond James Financial set a $275.00 price target on Alphabet and gave the stock an “outperform” rating in a research note on Friday, October 24th. DA Davidson set a $825.00 price target on Alphabet in a research note on Monday, October 27th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Alphabet in a research note on Wednesday, July 9th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $324.81.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total value of $7,466,225.00. Following the transaction, the chief executive officer directly owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,000 shares of Alphabet stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $200.00, for a total value of $200,000.00. Following the completion of the transaction, the director directly owned 6,916 shares in the company, valued at $1,383,200. This represents a 12.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 222,330 shares of company stock valued at $51,167,625. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

NASDAQ GOOG opened at $281.82 on Monday. The firm has a market capitalization of $3.41 trillion, a P/E ratio of 27.79, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $291.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The business’s 50-day simple moving average is $244.59 and its 200-day simple moving average is $201.30.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Profile

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