Alphabet Inc. $GOOG Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,691 shares of the information services provider’s stock after selling 620 shares during the quarter. KLCM Advisors Inc.’s holdings in Alphabet were worth $2,961,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GOOG. IFS Advisors LLC boosted its stake in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 120 shares during the last quarter. Robbins Farley boosted its stake in shares of Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC boosted its stake in shares of Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Fairman Group LLC boosted its stake in shares of Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after purchasing an additional 97 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in Alphabet during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of a number of analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $330.00 target price on shares of Alphabet in a research report on Thursday. Piper Sandler raised their price objective on Alphabet from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday. Lake Street Capital restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Pivotal Research raised their price target on Alphabet from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, DA Davidson set a $825.00 price target on Alphabet in a research note on Monday, October 27th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $324.81.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company’s stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the transaction, the chief executive officer directly owned 2,397,392 shares in the company, valued at approximately $598,149,304. This trade represents a 1.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 246,150 shares of company stock valued at $55,805,379 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $281.82 on Friday. The stock has a 50-day moving average price of $244.59 and a two-hundred day moving average price of $200.98. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $291.93. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.41 trillion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

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. As a group, research 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.