L.M. Kohn & Company Has $6.58 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

L.M. Kohn & Company increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,079 shares of the information services provider’s stock after purchasing an additional 1,515 shares during the period. Alphabet makes up about 2.1% of L.M. Kohn & Company’s investment portfolio, making the stock its 10th largest position. L.M. Kohn & Company’s holdings in Alphabet were worth $6,576,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sonata Capital Group Inc. boosted its stake in Alphabet by 5.1% during the third quarter. Sonata Capital Group Inc. now owns 3,720 shares of the information services provider’s stock worth $487,000 after buying an additional 180 shares during the period. Kellett Wealth Advisors LLC boosted its stake in shares of Alphabet by 33.7% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 2,460 shares of the information services provider’s stock worth $322,000 after purchasing an additional 620 shares during the period. Baron Silver Stevens Financial Advisors LLC grew its holdings in Alphabet by 12.6% during the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 12,842 shares of the information services provider’s stock valued at $1,681,000 after purchasing an additional 1,442 shares during the last quarter. Panagora Asset Management Inc. raised its position in Alphabet by 11.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 2,495,654 shares of the information services provider’s stock worth $326,581,000 after purchasing an additional 256,756 shares during the period. Finally, First American Trust FSB boosted its position in shares of Alphabet by 2.4% during the third quarter. First American Trust FSB now owns 191,122 shares of the information services provider’s stock valued at $25,010,000 after buying an additional 4,568 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of research analyst reports. JMP Securities reissued a “market outperform” rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, May 15th. KeyCorp lifted their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Evercore ISI lifted their price objective on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, UBS Group upped their target price on shares of Alphabet from $150.00 to $166.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.57.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the sale, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the sale, the director now directly owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold a total of 205,935 shares of company stock valued at $31,178,987 in the last ninety days. Company insiders own 11.55% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $174.99 on Monday. Alphabet Inc. has a fifty-two week low of $115.35 and a fifty-two week high of $178.77. The company has a market cap of $2.16 trillion, a PE ratio of 26.84, a P/E/G ratio of 1.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The business has a 50-day simple moving average of $160.81 and a two-hundred day simple moving average of $146.91.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period last year, the business earned $1.17 EPS. As a group, equities analysts expect that Alphabet Inc. will post 7.61 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, June 10th.

About Alphabet

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.