Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,306 shares of the information services provider's stock after buying an additional 1,266 shares during the quarter. VCI Wealth Management LLC's holdings in Alphabet were worth $1,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Alphabet by 5.2% in the 3rd quarter. FMR LLC now owns 114,802,133 shares of the information services provider's stock valued at $19,193,768,000 after purchasing an additional 5,655,022 shares during the last quarter. Geode Capital Management LLC raised its holdings in Alphabet by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 103,557,486 shares of the information services provider's stock valued at $17,247,208,000 after buying an additional 259,213 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Alphabet by 10.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,334,082 shares of the information services provider's stock valued at $5,573,125,000 after buying an additional 3,113,395 shares during the last quarter. Jennison Associates LLC boosted its stake in Alphabet by 9.1% during the third quarter. Jennison Associates LLC now owns 15,424,324 shares of the information services provider's stock worth $2,578,793,000 after buying an additional 1,291,274 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Alphabet by 2.5% during the third quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider's stock valued at $1,843,149,000 after acquiring an additional 264,962 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Up 1.5 %

GOOG stock traded up $2.97 during midday trading on Friday, reaching $205.60. 17,059,516 shares of the company were exchanged, compared to its average volume of 16,222,196. The stock's 50-day simple moving average is $189.70 and its 200 day simple moving average is $175.54. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $207.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $2.52 trillion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced 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. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. During the same period last year, the business earned $1.55 EPS. Alphabet's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GOOG shares. Scotiabank upped their price objective on shares of Alphabet from $212.00 to $240.00 and gave the stock a "sector outperform" rating in a report on Friday, January 24th. Jefferies Financial Group upped their price target on Alphabet from $220.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Phillip Securities upgraded Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Barclays increased their target price on Alphabet from $200.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $206.69.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 441 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares of the company's stock, valued at approximately $2,820,779.40. This represents a 2.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,630 shares of company stock valued at $22,258,133. 12.99% of the stock is currently owned by 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.