Vista Capital Partners Inc. Takes $319,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

Posted by Defense World Staff on Aug 5th, 2023

Vista Capital Partners Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,080 shares of the information services provider’s stock, valued at approximately $319,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Spreng Capital Management Inc. boosted its stake in Alphabet by 4.0% during the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. boosted its stake in Alphabet by 0.3% during the 1st quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. boosted its stake in Alphabet by 2.1% during the 1st quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC boosted its stake in Alphabet by 1.8% during the 1st quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after purchasing an additional 7 shares during the last quarter. Finally, Weik Capital Management boosted its stake in Alphabet by 0.5% during the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock worth $4,264,000 after purchasing an additional 8 shares during the last quarter. 35.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several recent research reports. Citigroup boosted their price target on shares of Alphabet from $130.00 to $153.00 in a research report on Wednesday, July 26th. Roth Mkm boosted their price target on shares of Alphabet from $126.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Bank of America boosted their price target on shares of Alphabet from $142.00 to $146.00 in a research report on Wednesday, July 26th. Mizuho boosted their price target on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Finally, Tigress Financial boosted their price target on shares of Alphabet from $160.00 to $172.00 and gave the company a “strong-buy” rating in a research report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.19.

Alphabet Stock Down 0.3 %

GOOGL opened at $128.11 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.63 trillion, a P/E ratio of 27.14, a PEG ratio of 1.49 and a beta of 1.06. Alphabet Inc. has a 52 week low of $83.34 and a 52 week high of $133.74. The business’s fifty day simple moving average is $123.31 and its 200 day simple moving average is $109.94.

Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. The business had revenue of $74.60 billion for the quarter, compared to analyst estimates of $60.24 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. During the same quarter last year, the company earned $1.21 earnings per share. As a group, equities research analysts anticipate that Alphabet Inc. will post 5.64 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now owns 127,028 shares in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Prabhakar Raghavan sold 16,083 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the sale, the senior vice president now owns 127,028 shares in the company, valued at approximately $15,282,738.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $12.72, for a total value of $347,128.80. Following the sale, the insider now owns 10,958,925 shares of the company’s stock, valued at approximately $139,397,526. The disclosure for this sale can be found here. Insiders sold 804,001 shares of company stock worth $25,426,352 in the last 90 days. 0.88% of the stock is owned by company insiders.

Alphabet Company Profile

(Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.