Keener Financial Planning LLC Decreases Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Keener Financial Planning LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 28.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,480 shares of the information services provider’s stock after selling 600 shares during the period. Keener Financial Planning LLC’s holdings in Alphabet were worth $245,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GOOGL. Brown Lisle Cummings Inc. boosted its holdings in Alphabet by 2.0% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 48,480 shares of the information services provider’s stock worth $8,040,000 after buying an additional 965 shares during the period. Godsey & Gibb Inc. lifted its holdings in shares of Alphabet by 7.2% in the 3rd quarter. Godsey & Gibb Inc. now owns 4,310 shares of the information services provider’s stock valued at $715,000 after acquiring an additional 290 shares during the last quarter. Calton & Associates Inc. raised its holdings in Alphabet by 2,102.7% during the 3rd quarter. Calton & Associates Inc. now owns 36,961 shares of the information services provider’s stock valued at $6,130,000 after buying an additional 35,283 shares during the period. Baker Boyer National Bank boosted its stake in shares of Alphabet by 19.8% during the 3rd quarter. Baker Boyer National Bank now owns 2,610 shares of the information services provider’s stock worth $433,000 after purchasing an additional 431 shares during the period. Finally, ACT Advisors LLC. lifted its stake in shares of Alphabet by 6.1% during the 3rd quarter. ACT Advisors LLC. now owns 1,869 shares of the information services provider’s stock worth $310,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOGL. Citigroup lifted their price target on shares of Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday. Wolfe Research started coverage on shares of Alphabet in a research report on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price target for the company. Guggenheim lifted their price target on Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JMP Securities upped their price target on Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a report on Wednesday. Seven analysts have rated the stock with a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.51.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,426 shares of company stock worth $35,993,340. 11.55% of the stock is currently owned by insiders.

Alphabet Trading Up 2.8 %

GOOGL opened at $174.46 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.16 trillion, a P/E ratio of 26.76, a P/E/G ratio of 1.27 and a beta of 1.04. The business has a fifty day simple moving average of $162.17 and a 200-day simple moving average of $168.78. Alphabet Inc. has a 52 week low of $122.68 and a 52 week high of $191.75.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same quarter last year, the company earned $1.55 EPS. On average, equities analysts expect that Alphabet Inc. will post 7.65 earnings per share for the current year.

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.