Koss Olinger Consulting LLC Sells 568 Shares of Alphabet Inc. $GOOG

Koss Olinger Consulting LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,391 shares of the information services provider’s stock after selling 568 shares during the period. Koss Olinger Consulting LLC’s holdings in Alphabet were worth $5,036,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GOOG. IFS Advisors LLC grew its holdings in 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 purchasing an additional 120 shares during the period. Robbins Farley grew its holdings in Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the period. WestEnd Advisors LLC grew its holdings in Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the period. MorganRosel Wealth Management LLC bought a new position in Alphabet during the first quarter valued at $26,000. Finally, Fairman Group LLC grew its holdings in Alphabet by 121.3% during the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 97 shares during the period. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the transaction, the chief executive officer directly owned 2,397,392 shares in the company, valued at $598,149,304. The trade was a 1.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 in the last three months. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GOOG. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Pivotal Research increased their target price on Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Lake Street Capital reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Cowen reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $280.45.

Alphabet Price Performance

GOOG stock opened at $268.43 on Wednesday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $271.38. The firm has a market capitalization of $3.25 trillion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.82 and a beta of 1.00. The firm has a 50 day moving average price of $239.97 and a 200-day moving average price of $198.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

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.