M. Kraus & Co Invests $4.34 Million in Alphabet Inc (GOOG) Stock

M. Kraus & Co bought a new position in shares of Alphabet Inc (NASDAQ:GOOG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,524 shares of the information services provider’s stock, valued at approximately $4,339,000. Alphabet comprises about 2.7% of M. Kraus & Co’s holdings, making the stock its 19th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Burt Wealth Advisors increased its stake in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares in the last quarter. St. Johns Investment Management Company LLC increased its stake in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares in the last quarter. Finally, Catamount Wealth Management increased its stake in Alphabet by 5.8% in the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares in the last quarter. 34.63% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc (GOOG) traded up $2.91 during trading on Thursday, hitting $1,105.52. 976,100 shares of the stock were exchanged, compared to its average volume of 1,390,000. The stock has a market cap of $770,720.00, a PE ratio of 36.83 and a beta of 0.94. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,111.27.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.06 EPS.

A number of research analysts have recently issued reports on the stock. Piper Jaffray Companies lifted their price objective on shares of Alphabet to $1,300.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Thursday. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,048.36.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total value of $3,974,320.00. Following the completion of the transaction, the chief executive officer now directly owns 1,471 shares in the company, valued at approximately $1,461,556.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the completion of the transaction, the director now owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $37,877,147 in the last three months. 13.92% of the stock is currently owned by corporate insiders.

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About Alphabet

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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