Vishria Bird Financial Group LLC Has $23.61 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Vishria Bird Financial Group LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 138.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 124,707 shares of the information services provider’s stock after acquiring an additional 72,430 shares during the period. Alphabet makes up about 8.3% of Vishria Bird Financial Group LLC’s holdings, making the stock its 3rd largest 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 made changes to their positions in the company. LMR Partners LLP acquired a new position in Alphabet in the 3rd quarter valued at approximately $32,000. Denver PWM LLC raised its holdings in shares of Alphabet by 25.4% in the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Quarry LP acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $66,000. Finally, Mendota Financial Group LLC raised its holdings in shares of Alphabet by 19.0% in the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock worth $67,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GOOGL shares. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. DA Davidson increased their target price on Alphabet from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Bank of America reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Monday, December 23rd. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Wedbush increased their price target on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $209.82.

Alphabet Stock Performance

GOOGL opened at $200.87 on Friday. The business’s 50-day moving average price is $187.53 and its two-hundred day moving average price is $173.84. Alphabet Inc. has a 1 year low of $130.66 and a 1 year high of $202.29. The company has a market capitalization of $2.46 trillion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same quarter last year, the business posted $1.55 EPS. Equities analysts expect that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. This trade represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,630 shares of company stock valued at $22,258,133 in the last 90 days. 11.55% of the stock is currently owned by company 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.