KFA Private Wealth Group LLC Boosts Stake in Alphabet Inc. (NASDAQ:GOOGL)

KFA Private Wealth Group LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,374 shares of the information services provider’s stock after purchasing an additional 123 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Alphabet were worth $725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased its position in Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. Kings Path Partners LLC purchased a new stake in Alphabet during the second quarter valued at $36,000. Tributary Capital Management LLC purchased a new stake in Alphabet during the first quarter valued at $30,000. Denver PWM LLC purchased a new stake in Alphabet during the second quarter valued at $41,000. Finally, Quarry LP purchased a new stake in Alphabet during the second quarter valued at $53,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Tuesday, October 15th. Rosenblatt Securities reissued a “neutral” rating and set a $181.00 price target on shares of Alphabet in a report on Wednesday, July 24th. Bank of America boosted their price target on Alphabet from $200.00 to $206.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Loop Capital reissued a “hold” rating and set a $170.00 price target on shares of Alphabet in a report on Wednesday, July 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $201.76.

Alphabet Trading Up 1.8 %

GOOGL opened at $169.68 on Wednesday. Alphabet Inc. has a 52 week low of $122.68 and a 52 week high of $191.75. The company has a market capitalization of $2.10 trillion, a P/E ratio of 26.02, a PEG ratio of 1.27 and a beta of 1.04. The stock’s fifty day moving average is $162.00 and its two-hundred day moving average is $168.74. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 220,426 shares of company stock worth $35,993,340. Company insiders own 11.55% of the company’s stock.

About Alphabet

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.