50 Shares in Alphabet Inc. (NASDAQ:GOOG) Bought by MKD Wealth Coaches LLC


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MKD Wealth Coaches LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the first quarter, HoldingsChannel reports. The fund bought 50 shares of the information services provider’s stock, valued at approximately $103,000. Alphabet accounts for 0.2% of MKD Wealth Coaches LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors also recently made changes to their positions in GOOG. Norges Bank bought a new position in Alphabet in the 4th quarter worth $2,118,088,000. Cibc World Markets Corp raised its holdings in Alphabet by 537.3% during the fourth quarter. Cibc World Markets Corp now owns 725,784 shares of the information services provider’s stock valued at $1,271,486,000 after acquiring an additional 611,904 shares during the period. Egerton Capital UK LLP raised its holdings in Alphabet by 85.6% during the fourth quarter. Egerton Capital UK LLP now owns 675,668 shares of the information services provider’s stock valued at $1,183,689,000 after acquiring an additional 311,706 shares during the period. Sanders Capital LLC raised its holdings in Alphabet by 11.6% during the fourth quarter. Sanders Capital LLC now owns 1,526,442 shares of the information services provider’s stock valued at $2,866,248,000 after acquiring an additional 158,383 shares during the period. Finally, Morgan Stanley increased its holdings in shares of Alphabet by 6.5% in the fourth quarter. Morgan Stanley now owns 2,509,483 shares of the information services provider’s stock worth $4,396,316,000 after purchasing an additional 152,485 shares during the last quarter. 31.94% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the company. Canaccord Genuity lifted their target price on Alphabet from $2,250.00 to $2,400.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $2,390.00 price target (up previously from $2,050.00) on shares of Alphabet in a report on Wednesday, February 3rd. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Alphabet from $2,150.00 to $2,400.00 in a report on Wednesday, February 3rd. One analyst has rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $2,244.11.

In related news, CEO Sundar Pichai sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 3rd. The shares were sold at an average price of $2,068.50, for a total transaction of $6,205,500.00. Following the completion of the transaction, the chief executive officer now owns 6,757 shares of the company’s stock, valued at $13,976,854.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 30 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $2,152.94, for a total transaction of $64,588.20. Following the transaction, the chief accounting officer now directly owns 966 shares of the company’s stock, valued at approximately $2,079,740.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,034 shares of company stock worth $28,870,417. 12.99% of the stock is owned by insiders.

Shares of NASDAQ:GOOG traded up $12.44 during midday trading on Thursday, hitting $2,262.12. The stock had a trading volume of 37,864 shares, compared to its average volume of 1,599,775. The company has a market capitalization of $1.52 trillion, a PE ratio of 43.84, a P/E/G ratio of 1.66 and a beta of 0.98. The stock has a 50 day moving average price of $2,078.40 and a two-hundred day moving average price of $1,819.99. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 1 year low of $1,187.60 and a 1 year high of $2,255.00.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, topping analysts’ consensus estimates of $15.91 by $6.39. The firm had revenue of $56.90 billion for the quarter, compared to the consensus estimate of $52.86 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $15.35 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 52.19 EPS for the current year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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