Vantage Point Financial LLC Has $752,000 Stock Position in Alphabet Inc. $GOOGL

Vantage Point Financial LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,266 shares of the information services provider’s stock after selling 71 shares during the period. Vantage Point Financial LLC’s holdings in Alphabet were worth $752,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Stonebridge Financial Group LLC grew its stake in Alphabet by 5.5% in the second quarter. Stonebridge Financial Group LLC now owns 39,601 shares of the information services provider’s stock valued at $6,979,000 after acquiring an additional 2,060 shares during the period. Horizon Bancorp Inc. IN lifted its holdings in shares of Alphabet by 110.5% during the 2nd quarter. Horizon Bancorp Inc. IN now owns 4,994 shares of the information services provider’s stock valued at $880,000 after purchasing an additional 2,621 shares in the last quarter. Financial Security Advisor Inc. lifted its holdings in shares of Alphabet by 5.9% during the 2nd quarter. Financial Security Advisor Inc. now owns 44,696 shares of the information services provider’s stock valued at $7,877,000 after purchasing an additional 2,473 shares in the last quarter. Trevian Wealth Management LLC increased its stake in Alphabet by 9.8% during the 2nd quarter. Trevian Wealth Management LLC now owns 4,219 shares of the information services provider’s stock worth $744,000 after purchasing an additional 375 shares in the last quarter. Finally, Callan Family Office LLC increased its stake in Alphabet by 215.0% during the 2nd quarter. Callan Family Office LLC now owns 197,241 shares of the information services provider’s stock worth $34,760,000 after purchasing an additional 134,616 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research reports. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $172.00 price target on shares of Alphabet in a research note on Friday, June 27th. Wells Fargo & Company set a $236.00 price objective on shares of Alphabet and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. UBS Group upped their target price on shares of Alphabet from $237.00 to $255.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. HSBC started coverage on Alphabet in a report on Tuesday, October 7th. They set a “buy” rating and a $285.00 target price for the company. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.24.

Alphabet Stock Performance

GOOGL opened at $253.30 on Monday. The business’s 50-day simple moving average is $231.55 and its 200 day simple moving average is $192.14. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $256.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $3.06 trillion, a PE ratio of 26.98, a PEG ratio of 1.71 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.60 billion. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. The trade was a 13.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the completion of the sale, the chief executive officer directly owned 2,397,392 shares in the company, valued at approximately $598,149,304. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,150 shares of company stock worth $55,805,379. Insiders own 11.55% of the company’s stock.

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.