Vest Financial LLC Purchases 23,990 Shares of Alphabet Inc. $GOOGL

Vest Financial LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 325,529 shares of the information services provider’s stock after purchasing an additional 23,990 shares during the period. Alphabet accounts for approximately 1.0% of Vest Financial LLC’s holdings, making the stock its 10th biggest position. Vest Financial LLC’s holdings in Alphabet were worth $79,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares in the last quarter. MBA Advisors LLC increased its holdings in shares of Alphabet by 0.8% during the second quarter. MBA Advisors LLC now owns 9,055 shares of the information services provider’s stock valued at $1,596,000 after purchasing an additional 76 shares during the period. Union Bancaire Privee UBP SA increased its holdings in shares of Alphabet by 2.2% during the second quarter. Union Bancaire Privee UBP SA now owns 842,909 shares of the information services provider’s stock valued at $151,313,000 after purchasing an additional 18,161 shares during the period. Finally, Bourgeon Capital Management LLC raised its stake in shares of Alphabet by 4.4% during the second quarter. Bourgeon Capital Management LLC now owns 127,193 shares of the information services provider’s stock valued at $22,415,000 after purchasing an additional 5,373 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $339.71 on Wednesday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The business’s fifty day moving average is $321.05 and its two-hundred day moving average is $268.37. The stock has a market capitalization of $4.10 trillion, a P/E ratio of 33.50, a P/E/G ratio of 2.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.75 and a current ratio of 1.75.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GOOGL shares. Arete Research increased their target price on shares of Alphabet from $300.00 to $380.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $340.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. upped their target price on Alphabet from $340.00 to $385.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Finally, Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Strong Buy rating, forty-two have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $336.60.

Get Our Latest Stock Report on GOOGL

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the sale, the chief executive officer directly owned 2,211,872 shares of the company’s stock, valued at $723,945,705.60. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 102 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $340.00, for a total value of $34,680.00. Following the completion of the transaction, the director owned 18,307 shares of the company’s stock, valued at $6,224,380. This trade represents a 0.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,035,186 shares of company stock valued at $94,458,941 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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