Vishria Bird Financial Group LLC Sells 614 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Vishria Bird Financial Group LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,237 shares of the information services provider’s stock after selling 614 shares during the period. Alphabet makes up about 3.6% of Vishria Bird Financial Group LLC’s holdings, making the stock its 12th biggest position. Vishria Bird Financial Group LLC’s holdings in Alphabet were worth $5,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. DC Investments Management LLC bought a new stake in Alphabet during the 1st quarter worth approximately $114,000. Bridgefront Capital LLC bought a new stake in Alphabet during the 1st quarter worth approximately $225,000. Worth Asset Management LLC bought a new stake in Alphabet during the 1st quarter worth approximately $206,000. Eudaimonia Advisors LLC increased its holdings in Alphabet by 15.1% during the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after acquiring an additional 13 shares during the period. Finally, Aspire Capital Advisors LLC bought a new stake in Alphabet during the 1st quarter worth approximately $281,000. Institutional investors own 35.38% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the sale, the senior vice president now directly owns 76,580 shares in the company, valued at approximately $7,922,966.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the completion of the sale, the insider now directly owns 11,421,476 shares in the company, valued at approximately $161,385,455.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the sale, the senior vice president now owns 76,580 shares of the company’s stock, valued at $7,922,966.80. The disclosure for this sale can be found here. Insiders sold a total of 826,544 shares of company stock worth $27,117,461 in the last three months. 0.88% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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GOOGL has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Alphabet from $130.00 to $150.00 in a report on Tuesday, May 23rd. Citigroup increased their price target on shares of Alphabet from $120.00 to $130.00 in a report on Wednesday, April 26th. Roth Mkm increased their price target on shares of Alphabet from $126.00 to $134.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. StockNews.com initiated coverage on shares of Alphabet in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Finally, Robert W. Baird increased their price target on shares of Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Seven investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

Alphabet Stock Up 0.5 %

Shares of Alphabet stock opened at $119.70 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32. The company has a 50-day moving average of $118.09 and a 200 day moving average of $103.96. The firm has a market cap of $1.52 trillion, a price-to-earnings ratio of 26.66, a PEG ratio of 1.54 and a beta of 1.09. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $129.04.

Alphabet (NASDAQ:GOOGL – Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. The company had revenue of $69.79 billion during the quarter, compared to analyst estimates of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period last year, the business earned $1.23 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

Alphabet 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.