Vista Wealth Management Group LLC Has $8.90 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Vista Wealth Management Group LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 3.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,185 shares of the information services provider’s stock after buying an additional 115 shares during the period. Alphabet makes up 1.3% of Vista Wealth Management Group LLC’s investment portfolio, making the stock its 15th biggest position. Vista Wealth Management Group LLC’s holdings in Alphabet were worth $8,896,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Souders Financial Advisors lifted its holdings in shares of Alphabet by 1.9% during the first quarter. Souders Financial Advisors now owns 1,532 shares of the information services provider’s stock worth $4,279,000 after purchasing an additional 28 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Alphabet by 6.1% during the first quarter. Commonwealth Equity Services LLC now owns 94,464 shares of the information services provider’s stock worth $263,838,000 after purchasing an additional 5,452 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Alphabet by 99.8% during the first quarter. Thoroughbred Financial Services LLC now owns 2,643 shares of the information services provider’s stock worth $7,381,000 after purchasing an additional 1,320 shares during the period. swisspartners Ltd. lifted its holdings in shares of Alphabet by 13,682.6% during the first quarter. swisspartners Ltd. now owns 62,573 shares of the information services provider’s stock worth $1,143,000 after purchasing an additional 62,119 shares during the period. Finally, Banque Pictet & Cie SA lifted its holdings in shares of Alphabet by 2.9% during the first quarter. Banque Pictet & Cie SA now owns 187,900 shares of the information services provider’s stock worth $524,803,000 after purchasing an additional 5,251 shares during the period. Institutional investors and hedge funds own 31.20% of the company’s stock.

Alphabet Stock Up 7.7 %

Shares of Alphabet stock opened at $113.60 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85. The company has a 50-day moving average of $155.11 and a 200 day moving average of $139.55. The firm has a market cap of $1.50 trillion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.13 and a beta of 1.10. Alphabet Inc. has a 1 year low of $102.21 and a 1 year high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the prior year, the business earned $27.26 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 5.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOG shares. Cowen lowered their target price on shares of Alphabet from $300.00 to $150.00 in a research note on Monday. Oppenheimer decreased their target price on shares of Alphabet from $3,290.00 to $165.00 in a research report on Tuesday, July 19th. The Goldman Sachs Group set a $150.00 price target on shares of Alphabet in a report on Wednesday. Wedbush reiterated an “outperform” rating on shares of Alphabet in a research note on Wednesday, April 20th. Finally, Itau BBA Securities initiated coverage on shares of Alphabet in a research note on Tuesday. They set a “market perform” rating on the stock. One analyst has rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.08.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of Alphabet stock in a transaction on Tuesday, May 10th. The stock was acquired at an average cost of $34.65 per share, for a total transaction of $8,858,168.55. Following the purchase, the insider now owns 479,695 shares in the company, valued at $16,621,431.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv purchased 255,647 shares of Alphabet stock in a transaction dated Tuesday, May 10th. The stock was purchased at an average cost of $34.65 per share, for a total transaction of $8,858,168.55. Following the completion of the purchase, the insider now directly owns 479,695 shares of the company’s stock, valued at approximately $16,621,431.75. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 490 shares of Alphabet stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the completion of the sale, the senior vice president now owns 497 shares of the company’s stock, valued at $1,160,644.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,039 shares of company stock worth $12,649,005. 12.99% of the stock is owned by corporate insiders.

Alphabet Company Profile

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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.

Further Reading

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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