Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 192.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,869 shares of the information services provider’s stock after purchasing an additional 14,384 shares during the quarter. Vest Financial LLC’s holdings in Alphabet were worth $3,627,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Burns J W & Co. Inc. NY raised its holdings in Alphabet by 7.4% in the 1st quarter. Burns J W & Co. Inc. NY now owns 24,861 shares of the information services provider’s stock valued at $3,752,000 after buying an additional 1,720 shares during the period. Grimes & Company Inc. increased its position in shares of Alphabet by 1.6% during the first quarter. Grimes & Company Inc. now owns 176,121 shares of the information services provider’s stock valued at $26,582,000 after acquiring an additional 2,727 shares during the last quarter. Saratoga Research & Investment Management raised its stake in shares of Alphabet by 19.1% in the 1st quarter. Saratoga Research & Investment Management now owns 1,001,128 shares of the information services provider’s stock valued at $151,100,000 after acquiring an additional 160,884 shares during the period. First Bank & Trust lifted its holdings in shares of Alphabet by 2.5% in the 1st quarter. First Bank & Trust now owns 9,694 shares of the information services provider’s stock worth $1,463,000 after acquiring an additional 239 shares during the last quarter. Finally, Baker Ellis Asset Management LLC boosted its position in shares of Alphabet by 5.7% during the 1st quarter. Baker Ellis Asset Management LLC now owns 21,355 shares of the information services provider’s stock worth $3,223,000 after purchasing an additional 1,150 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on GOOGL shares. Evercore ISI boosted their target price on Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday. Sanford C. Bernstein boosted their price objective on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday. Loop Capital reissued a “hold” rating and set a $170.00 target price on shares of Alphabet in a research note on Wednesday, July 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $181.00 target price on shares of Alphabet in a research report on Wednesday, July 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $217.00 price target (up previously from $215.00) on shares of Alphabet in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.51.

Alphabet Stock Up 2.8 %

GOOGL opened at $174.46 on Thursday. Alphabet Inc. has a one year low of $122.68 and a one year high of $191.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The business’s 50-day simple moving average is $162.17 and its 200-day simple moving average is $168.78.

Alphabet (NASDAQ:GOOGL) 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 company had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter in the previous year, the company posted $1.55 earnings per share. Analysts anticipate that Alphabet Inc. will post 7.65 EPS for the current year.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now owns 29,182 shares in the company, valued at $4,421,948.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total transaction of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 in the last ninety days. 11.55% of the stock is currently owned by company insiders.

About Alphabet

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.