Alphabet Inc. $GOOG Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 148,019 shares of the information services provider’s stock after selling 1,899 shares during the quarter. KCM Investment Advisors LLC’s holdings in Alphabet were worth $26,257,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GOOG. REDW Wealth LLC boosted its stake in shares of Alphabet by 2.3% during the second quarter. REDW Wealth LLC now owns 2,410 shares of the information services provider’s stock valued at $428,000 after acquiring an additional 54 shares during the last quarter. ACT Advisors LLC. lifted its holdings in Alphabet by 3.5% in the 2nd quarter. ACT Advisors LLC. now owns 1,625 shares of the information services provider’s stock valued at $288,000 after purchasing an additional 55 shares in the last quarter. Moser Wealth Advisors LLC lifted its holdings in Alphabet by 2.2% in the 2nd quarter. Moser Wealth Advisors LLC now owns 2,545 shares of the information services provider’s stock valued at $451,000 after purchasing an additional 55 shares in the last quarter. LongView Wealth Management boosted its stake in shares of Alphabet by 1.1% during the 2nd quarter. LongView Wealth Management now owns 5,126 shares of the information services provider’s stock worth $909,000 after purchasing an additional 56 shares during the last quarter. Finally, Kooman & Associates grew its holdings in shares of Alphabet by 1.4% during the second quarter. Kooman & Associates now owns 4,127 shares of the information services provider’s stock worth $732,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 2.0%

Shares of NASDAQ GOOG opened at $279.70 on Friday. The stock has a market capitalization of $3.38 trillion, a PE ratio of 27.58, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $251.81 and a 200-day moving average of $205.49. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $291.93.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The firm had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. During the same quarter last year, the firm earned $2.12 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 8.28%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the transaction, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 954 shares of Alphabet stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $282.33, for a total transaction of $269,342.82. Following the transaction, the chief accounting officer directly owned 14,517 shares in the company, valued at approximately $4,098,584.61. This trade represents a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 222,396 shares of company stock worth $54,105,275. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GOOG shares. Rosenblatt Securities set a $279.00 target price on shares of Alphabet in a research report on Thursday, October 30th. Oppenheimer increased their price target on Alphabet from $300.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. DA Davidson set a $825.00 price objective on Alphabet in a report on Monday, October 27th. Scotiabank set a $336.00 price objective on Alphabet and gave the company a “sector outperform” rating in a research report on Thursday, October 30th. Finally, Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $324.81.

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.