KFG Wealth Management LLC Has $641,000 Position in Alphabet Inc. (NASDAQ:GOOG)

KFG Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,368 shares of the information services provider’s stock after purchasing an additional 99 shares during the period. KFG Wealth Management LLC’s holdings in Alphabet were worth $641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Jamison Private Wealth Management Inc. lifted its position in Alphabet by 2.4% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 49,838 shares of the information services provider’s stock worth $9,491,000 after acquiring an additional 1,186 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Alphabet by 3.5% during the fourth quarter. Archford Capital Strategies LLC now owns 24,208 shares of the information services provider’s stock worth $4,610,000 after purchasing an additional 823 shares during the period. Duncan Williams Asset Management LLC lifted its holdings in Alphabet by 251.7% during the 4th quarter. Duncan Williams Asset Management LLC now owns 7,397 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 5,294 shares during the last quarter. Anderson Hoagland & Co. bought a new stake in Alphabet in the 4th quarter valued at $208,000. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in Alphabet by 1.3% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 26,515 shares of the information services provider’s stock valued at $5,099,000 after buying an additional 343 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 1.7 %

Shares of GOOG opened at $197.07 on Wednesday. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $203.84. The firm has a market cap of $2.41 trillion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.27 and a beta of 0.99. The firm has a 50 day moving average price of $188.29 and a 200-day moving average price of $175.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of analyst reports. Citigroup increased their target price on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Seaport Res Ptn raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. upped their target price on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Finally, Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.13.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 441 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kavitark Ram Shriram sold 37,134 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 122,887 shares of company stock worth $22,470,464. 12.99% of the stock is currently owned by insiders.

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.