KPP Advisory Services LLC Has $1.13 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

KPP Advisory Services LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,740 shares of the information services provider’s stock after selling 337 shares during the period. KPP Advisory Services LLC’s holdings in Alphabet were worth $1,127,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. China Universal Asset Management Co. Ltd. lifted its stake in shares of Alphabet by 360.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 20,249 shares of the information services provider’s stock valued at $3,083,000 after acquiring an additional 15,848 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Alphabet by 5.8% during the first quarter. Quent Capital LLC now owns 32,706 shares of the information services provider’s stock worth $4,980,000 after purchasing an additional 1,798 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Alphabet by 19.0% in the first quarter. Empowered Funds LLC now owns 86,040 shares of the information services provider’s stock valued at $13,100,000 after buying an additional 13,756 shares during the period. Fiducient Advisors LLC raised its holdings in Alphabet by 10.1% in the 1st quarter. Fiducient Advisors LLC now owns 7,240 shares of the information services provider’s stock valued at $1,102,000 after buying an additional 666 shares during the last quarter. Finally, South Street Advisors LLC boosted its position in Alphabet by 19.6% during the 1st quarter. South Street Advisors LLC now owns 4,890 shares of the information services provider’s stock worth $745,000 after buying an additional 800 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the completion of the transaction, the chief executive officer now owns 2,159,885 shares in the company, valued at $362,126,319.10. This trade represents a 1.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 21,467 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the sale, the insider now owns 39,334 shares in the company, valued at approximately $6,307,206.90. The trade was a 35.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,795 shares of company stock valued at $34,471,141. 12.99% of the stock is owned by insiders.

Alphabet Stock Down 2.0 %

Shares of GOOG stock traded down $3.46 during trading hours on Friday, reaching $173.89. The company had a trading volume of 21,708,870 shares, compared to its average volume of 19,582,979. The business has a fifty day simple moving average of $167.01 and a 200-day simple moving average of $171.65. Alphabet Inc. has a 12 month low of $129.40 and a 12 month high of $193.31. The company has a market cap of $2.13 trillion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, research analysts expect that Alphabet Inc. will post 7.99 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Analysts Set New Price Targets

GOOG has been the subject of several recent research reports. UBS Group upped their price target on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on shares of Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays lifted their price objective on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $200.56.

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.