Vahanian & Associates Financial Planning Inc. Cuts Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Vahanian & Associates Financial Planning Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,921 shares of the information services provider’s stock after selling 1,778 shares during the quarter. Alphabet makes up about 3.3% of Vahanian & Associates Financial Planning Inc.’s portfolio, making the stock its 6th largest position. Vahanian & Associates Financial Planning Inc.’s holdings in Alphabet were worth $834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. DC Investments Management LLC acquired a new position in Alphabet during the first quarter worth $115,000. Guardian Wealth Management Inc. acquired a new position in Alphabet during the first quarter worth $184,000. Turim 21 Investimentos Ltda. raised its holdings in Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares during the last quarter. qPULA Trading Management LP acquired a new position in Alphabet during the first quarter worth $279,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Alphabet by 29.2% during the first quarter. Dynamic Technology Lab Private Ltd now owns 115 shares of the information services provider’s stock worth $321,000 after buying an additional 26 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of GOOG stock opened at $158.14 on Wednesday. The firm has a 50-day moving average of $145.51 and a 200-day moving average of $140.58. The company has a market cap of $1.97 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.42 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. Alphabet Inc. has a one year low of $103.27 and a one year high of $159.89.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOG. Susquehanna increased their target price on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Oppenheimer increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday. Finally, Raymond James increased their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at $362,012,608.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $155.67, for a total transaction of $3,502,575.00. Following the completion of the transaction, the chief executive officer now owns 2,325,513 shares in the company, valued at $362,012,608.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the transaction, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 250,539 shares of company stock worth $35,906,259. 12.99% of the stock is owned by company insiders.

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.