Vivid Wealth Management LLC Has $2.71 Million Stock Position in Alphabet Inc. $GOOGL

Vivid Wealth Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.4% in the second quarter, Holdings Channel.com reports. The fund owned 15,375 shares of the information services provider’s stock after selling 372 shares during the period. Vivid Wealth Management LLC’s holdings in Alphabet were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GOOGL. M1 Capital Management LLC raised its stake in shares of Alphabet by 17.7% in the second quarter. M1 Capital Management LLC now owns 4,897 shares of the information services provider’s stock valued at $863,000 after purchasing an additional 737 shares in the last quarter. Cardano Risk Management B.V. increased its holdings in Alphabet by 24.5% in the 2nd quarter. Cardano Risk Management B.V. now owns 1,880,941 shares of the information services provider’s stock valued at $333,660,000 after buying an additional 369,666 shares during the period. Etesian Wealth Advisors Inc. raised its stake in shares of Alphabet by 0.8% in the 2nd quarter. Etesian Wealth Advisors Inc. now owns 8,561 shares of the information services provider’s stock valued at $1,509,000 after buying an additional 72 shares in the last quarter. Total Wealth Planning & Management Inc. raised its stake in shares of Alphabet by 11.9% in the 2nd quarter. Total Wealth Planning & Management Inc. now owns 8,522 shares of the information services provider’s stock valued at $1,502,000 after buying an additional 904 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Alphabet by 1.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,692,280 shares of the information services provider’s stock worth $298,231,000 after acquiring an additional 20,439 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Alphabet from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. DA Davidson lifted their price objective on Alphabet from $180.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, September 2nd. Wedbush increased their target price on Alphabet from $225.00 to $245.00 and gave the stock an “outperform” rating in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, October 8th. Finally, Bank of America increased their price objective on Alphabet from $210.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $252.24.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total value of $8,108,750.00. Following the completion of the sale, the chief executive officer directly owned 2,397,392 shares of the company’s stock, valued at $598,149,304. This trade represents 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. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $253.30 on Monday. The business has a fifty day moving average of $231.55 and a 200-day moving average of $192.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.96. The firm has a market cap of $3.06 trillion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.16. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. On average, equities research analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Company 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.