Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,902.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,633 shares of the information services provider’s stock after purchasing an additional 51,905 shares during the quarter. Alphabet makes up approximately 3.5% of Vishria Bird Financial Group LLC’s holdings, making the stock its 12th largest position. Vishria Bird Financial Group LLC’s holdings in Alphabet were worth $5,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GOOGL. IAG Wealth Partners LLC boosted its position in Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Artemis Wealth Advisors LLC raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 266 shares in the last quarter. Horizons Wealth Management bought a new stake in Alphabet during the 2nd quarter valued at $33,000. Schubert & Co raised its stake in Alphabet by 1,200.0% during the 3rd quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 336 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its stake in Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 380 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GOOGL. JMP Securities cut their target price on Alphabet from $145.00 to $132.00 in a research note on Wednesday, November 23rd. Atlantic Securities cut their target price on Alphabet to $115.00 in a research note on Thursday, October 27th. Susquehanna Bancshares cut their target price on Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research note on Wednesday, October 26th. Robert W. Baird dropped their price objective on Alphabet to $120.00 in a research note on Thursday, October 27th. Finally, Citigroup dropped their price objective on Alphabet from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.13.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv bought 182,312 shares of the stock in a transaction on Wednesday, November 9th. The shares were purchased at an average price of $34.60 per share, for a total transaction of $6,307,995.20. Following the completion of the purchase, the insider now directly owns 1,294,527 shares of the company’s stock, valued at approximately $44,790,634.20. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $101.13, for a total transaction of $86,466.15. Following the completion of the sale, the chief accounting officer now owns 24,908 shares in the company, valued at approximately $2,518,946.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv purchased 182,312 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $34.60 per share, with a total value of $6,307,995.20. Following the purchase, the insider now owns 1,294,527 shares in the company, valued at approximately $44,790,634.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 661,702 shares of company stock worth $23,399,217 and have sold 190,464 shares worth $8,535,735. Corporate insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $99.79 on Tuesday. The business’s 50-day moving average price is $93.12 and its two-hundred day moving average price is $101.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. Alphabet Inc. has a one year low of $83.34 and a one year high of $151.55. The company has a market capitalization of $1.29 trillion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last issued its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The firm had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. During the same quarter last year, the firm earned $1.40 EPS. Analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.