Kathmere Capital Management LLC Sells 49 Shares of Alphabet Inc. (NASDAQ:GOOG)

Kathmere Capital Management LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 363 shares of the information services provider’s stock after selling 49 shares during the period. Kathmere Capital Management LLC’s holdings in Alphabet were worth $968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in GOOG. Ironwood Wealth Management LLC. grew its stake in shares of Alphabet by 13.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 834 shares of the information services provider’s stock valued at $1,725,000 after purchasing an additional 102 shares during the period. Pendal Group Limited grew its stake in shares of Alphabet by 8.1% in the 1st quarter. Pendal Group Limited now owns 5,627 shares of the information services provider’s stock valued at $11,641,000 after purchasing an additional 423 shares during the period. MBL Wealth LLC grew its position in Alphabet by 19.4% during the 1st quarter. MBL Wealth LLC now owns 369 shares of the information services provider’s stock worth $763,000 after acquiring an additional 60 shares during the last quarter. Sunbelt Securities Inc. grew its position in Alphabet by 1.1% during the 1st quarter. Sunbelt Securities Inc. now owns 737 shares of the information services provider’s stock worth $1,525,000 after acquiring an additional 8 shares during the last quarter. Finally, Kaizen Financial Strategies bought a new stake in Alphabet during the 1st quarter worth approximately $1,022,000. Institutional investors own 31.26% of the company’s stock.

In other news, CAO Amie Thuener O’toole sold 48 shares of the stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $2,913.00, for a total transaction of $139,824.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Capitalg 2014 Lp sold 44,100 shares of the stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $39.14, for a total transaction of $1,726,074.00. The disclosure for this sale can be found here. Insiders sold 222,928 shares of company stock worth $501,867,436 over the last ninety days. 12.99% of the stock is currently owned by insiders.

GOOG has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on Alphabet from $2,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Susquehanna increased their price objective on Alphabet from $3,100.00 to $3,600.00 and gave the company a “positive” rating in a research report on Wednesday, July 28th. Needham & Company LLC increased their price objective on Alphabet from $2,700.00 to $3,200.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Bank of America increased their price objective on Alphabet from $2,755.00 to $3,150.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Finally, Royal Bank of Canada assumed coverage on Alphabet in a research note on Friday, October 1st. They issued an “outperform” rating and a $3,400.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus target price of $3,178.21.

GOOG stock traded down $0.79 during trading hours on Thursday, hitting $2,934.35. 823,203 shares of the stock were exchanged, compared to its average volume of 1,279,240. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.95 trillion, a P/E ratio of 28.26, a P/E/G ratio of 1.07 and a beta of 1.04. The company has a 50-day simple moving average of $2,859.80 and a two-hundred day simple moving average of $2,705.14. Alphabet Inc. has a 12 month low of $1,699.00 and a 12 month high of $3,037.00.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, October 25th. The information services provider reported $27.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $23.13 by $4.86. The company had revenue of $65.12 billion for the quarter, compared to analyst estimates of $63.35 billion. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. Alphabet’s quarterly revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the firm posted $16.40 EPS. On average, equities research analysts predict that Alphabet Inc. will post 107.86 earnings per share for the current year.

Alphabet Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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