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

Vishria Bird Financial Group LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 138.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,707 shares of the information services provider’s stock after acquiring an additional 72,430 shares during the quarter. Alphabet accounts for approximately 8.3% of Vishria Bird Financial Group LLC’s holdings, making the stock its 3rd largest position. Vishria Bird Financial Group LLC’s holdings in Alphabet were worth $23,607,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. LMR Partners LLP acquired a new position in Alphabet during the 3rd quarter valued at approximately $32,000. Denver PWM LLC boosted its position in Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. Quarry LP acquired a new position in Alphabet during the 2nd quarter valued at approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new position in Alphabet during the 3rd quarter valued at approximately $66,000. Finally, Mendota Financial Group LLC boosted its position in Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOGL shares. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Stifel Nicolaus boosted their price target on Alphabet from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Roth Mkm boosted their price target on Alphabet from $206.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on Alphabet from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market perform” rating on shares of Alphabet in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.82.

Get Our Latest Report on GOOGL

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. The trade was a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the completion of the transaction, the director now owns 23,324 shares in the company, valued at $4,529,987.28. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,630 shares of company stock worth $22,258,133 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $200.87 on Friday. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $202.29. 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 company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.27 and a beta of 0.98. The stock’s fifty day simple moving average is $187.53 and its 200-day simple moving average is $173.84.

Alphabet (NASDAQ:GOOGLGet Free Report) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal year.

Alphabet Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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