CKW Financial Group Has $1.49 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

CKW Financial Group lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,830 shares of the information services provider's stock after selling 2,970 shares during the quarter. Alphabet makes up approximately 0.2% of CKW Financial Group's holdings, making the stock its 20th biggest holding. CKW Financial Group's holdings in Alphabet were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mount Yale Investment Advisors LLC lifted its holdings in shares of Alphabet by 1.5% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 74,535 shares of the information services provider's stock worth $14,194,000 after acquiring an additional 1,071 shares during the period. Ridgecrest Wealth Partners LLC raised its position in shares of Alphabet by 3.5% in the 4th quarter. Ridgecrest Wealth Partners LLC now owns 23,797 shares of the information services provider's stock worth $4,532,000 after buying an additional 800 shares during the period. Valued Wealth Advisors LLC raised its holdings in shares of Alphabet by 19.6% in the 4th quarter. Valued Wealth Advisors LLC now owns 830 shares of the information services provider's stock worth $158,000 after purchasing an additional 136 shares during the period. McLean Asset Management Corp raised its holdings in Alphabet by 10.1% in the fourth quarter. McLean Asset Management Corp now owns 5,953 shares of the information services provider's stock valued at $1,134,000 after buying an additional 548 shares during the period. Finally, Aurora Private Wealth Inc. lifted its position in Alphabet by 3.8% during the fourth quarter. Aurora Private Wealth Inc. now owns 9,189 shares of the information services provider's stock valued at $1,750,000 after buying an additional 339 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 2,834 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the transaction, the chief accounting officer now owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frances Arnold sold 441 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the sale, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,997 shares of company stock worth $22,492,464. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

GOOG traded up $5.45 during trading on Thursday, reaching $202.63. 14,510,056 shares of the company were exchanged, compared to its average volume of 16,168,515. Alphabet Inc. has a 52 week low of $131.55 and a 52 week high of $203.84. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $189.03 and a 200 day moving average of $175.35. The stock has a market cap of $2.48 trillion, a P/E ratio of 26.87, a PEG ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOG. Pivotal Research lifted their target price on shares of Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Barclays upped their target price on Alphabet from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price target on Alphabet from $182.00 to $187.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Scotiabank upped their price target on Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Finally, Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.80.

Alphabet 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.