Alphabet Inc. (NASDAQ:GOOGL) Holdings Lifted by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 138.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,707 shares of the information services provider's stock after acquiring an additional 72,430 shares during the period. Alphabet comprises 8.3% of Vishria Bird Financial Group LLC's investment portfolio, making the stock its 3rd biggest holding. Vishria Bird Financial Group LLC's holdings in Alphabet were worth $23,607,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Alphabet by 43,005.6% during the third quarter. International Assets Investment Management LLC now owns 18,743,594 shares of the information services provider's stock worth $31,086,250,000 after purchasing an additional 18,700,111 shares during the last quarter. SG Americas Securities LLC increased its stake in Alphabet by 587.4% in the 3rd quarter. SG Americas Securities LLC now owns 10,690,326 shares of the information services provider's stock valued at $1,772,991,000 after buying an additional 9,135,056 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Alphabet by 116.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,670,225 shares of the information services provider's stock worth $1,437,957,000 after buying an additional 4,662,809 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider's stock worth $10,559,240,000 after buying an additional 4,567,275 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Alphabet by 115.4% in the second quarter. Clearbridge Investments LLC now owns 6,939,456 shares of the information services provider's stock valued at $1,264,022,000 after acquiring an additional 3,718,420 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $200.87 on Friday. The firm has a 50 day simple moving average of $187.53 and a two-hundred day simple moving average of $173.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market cap of $2.46 trillion, a PE ratio of 26.64, a P/E/G ratio of 1.27 and a beta of 0.98. Alphabet Inc. has a one year low of $130.66 and a one year high of $202.29.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released 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 business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. On average, analysts predict that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares of the company's stock, valued at $8,471,620.22. The trade was a 27.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 121,630 shares of company stock worth $22,258,133. 11.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on GOOGL. Truist Financial lifted their price target on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Scotiabank raised shares of Alphabet to a "strong-buy" rating in a report on Friday, October 11th. Wolfe Research raised their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. DA Davidson boosted their target price on shares of Alphabet from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Finally, Morgan Stanley raised their price target on shares of Alphabet from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday, January 13th. Nine investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $209.82.

Alphabet Company 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.