Alphabet Inc. (NASDAQ:GOOG) Position Reduced by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,093 shares of the information services provider’s stock after selling 3,016 shares during the period. KCM Investment Advisors LLC’s holdings in Alphabet were worth $28,584,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GOOG. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the 4th quarter valued at $27,000. Weiss Asset Management LP purchased a new position in shares of Alphabet during the third quarter valued at $25,000. Safe Harbor Fiduciary LLC acquired a new position in Alphabet during the third quarter valued at $33,000. WealthTrak Capital Management LLC purchased a new stake in Alphabet in the 4th quarter worth about $38,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Alphabet during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on GOOG shares. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Scotiabank increased their price objective on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Westpark Capital assumed coverage on Alphabet in a research note on Tuesday. They issued a “buy” rating and a $210.00 target price on the stock. Rosenblatt Securities restated a “neutral” rating on shares of Alphabet in a research note on Wednesday, March 19th. Finally, Wedbush reissued an “outperform” rating and set a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $208.65.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total transaction of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the completion of the sale, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 119,797 shares of company stock valued at $21,089,470. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Down 3.2 %

NASDAQ GOOG opened at $147.74 on Friday. Alphabet Inc. has a twelve month low of $147.54 and a twelve month high of $208.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $1.80 trillion, a PE ratio of 18.35, a PEG ratio of 1.34 and a beta of 1.04. The firm has a 50-day simple moving average of $177.04 and a 200 day simple moving average of $178.30.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. On average, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is 9.94%.

Alphabet Company 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.