Koch Industries Inc. Invests $228,000 in Alphabet Inc (GOOG)

Koch Industries Inc. bought a new stake in shares of Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, Holdings Channel reports. The firm bought 295 shares of the company’s stock, valued at approximately $228,000. Alphabet comprises about 0.5% of Koch Industries Inc.’s portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Alphabet during the third quarter valued at about $102,000. Quantbot Technologies LP raised its stake in shares of Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock valued at $121,000 after buying an additional 61 shares during the last quarter. Trust Department MB Financial Bank N A raised its stake in shares of Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares during the last quarter. Klingman & Associates LLC raised its stake in shares of Alphabet by 28.7% in the third quarter. Klingman & Associates LLC now owns 184 shares of the company’s stock valued at $143,000 after buying an additional 41 shares during the last quarter. Finally, Fusion Family Wealth LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at about $150,000. Hedge funds and other institutional investors own 34.74% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Alphabet Inc (NASDAQ:GOOG) opened at 848.40 on Tuesday. The stock has a market capitalization of $586.60 billion, a PE ratio of 30.43 and a beta of 0.94. The stock has a 50 day moving average price of $824.43 and a 200-day moving average price of $793.16. Alphabet Inc has a 12-month low of $663.28 and a 12-month high of $853.40.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, January 26th. The company reported $9.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. The company had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $25.18 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. Alphabet’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $8.67 earnings per share. On average, equities analysts anticipate that Alphabet Inc will post $33.36 earnings per share for the current fiscal year.

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Several analysts have issued reports on the company. Hilliard Lyons restated a “neutral” rating and issued a $865.00 target price on shares of Alphabet in a research note on Saturday, March 11th. Royal Bank of Canada set a $880.00 target price on Alphabet and gave the company a “buy” rating in a research note on Monday, December 26th. Wells Fargo & Co restated an “outperform” rating and issued a $1,000.00 target price (up from $975.00) on shares of Alphabet in a research note on Saturday, March 11th. BMO Capital Markets restated an “outperform” rating on shares of Alphabet in a research note on Thursday, February 16th. Finally, Robert W. Baird restated an “outperform” rating and issued a $960.00 target price on shares of Alphabet in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $960.20.

In related news, CEO Lawrence Page sold 66,664 shares of Alphabet stock in a transaction on Thursday, December 22nd. The stock was sold at an average price of $799.90, for a total transaction of $53,324,533.60. Following the transaction, the chief executive officer now directly owns 30,666 shares in the company, valued at $24,529,733.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Drummond sold 2,000 shares of Alphabet stock in a transaction on Monday, March 13th. The shares were sold at an average price of $852.42, for a total value of $1,704,840.00. Following the transaction, the senior vice president now owns 5,800 shares in the company, valued at $4,944,036. The disclosure for this sale can be found here. Insiders have sold 552,574 shares of company stock worth $444,500,642 over the last quarter. 13.92% of the stock is owned by company insiders.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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