Vise Technologies Inc. Acquires New Shares in Alphabet Inc. $GOOGL

Vise Technologies Inc. acquired a new stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 226,667 shares of the information services provider’s stock, valued at approximately $70,947,000. Alphabet makes up approximately 2.2% of Vise Technologies Inc.’s holdings, making the stock its 11th largest holding.

A number of other large investors have also made changes to their positions in the company. Regency Capital Management Inc. DE increased its position in shares of Alphabet by 227.4% in the 4th quarter. Regency Capital Management Inc. DE now owns 19,719 shares of the information services provider’s stock valued at $6,172,000 after buying an additional 13,696 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Alphabet by 9.4% in the 4th quarter. Continuum Advisory LLC now owns 35,391 shares of the information services provider’s stock valued at $11,077,000 after buying an additional 3,043 shares in the last quarter. Clarity Capital Advisors LLC bought a new stake in shares of Alphabet in the 4th quarter valued at $224,000. Sittner & Nelson LLC increased its position in shares of Alphabet by 2.0% in the 4th quarter. Sittner & Nelson LLC now owns 20,635 shares of the information services provider’s stock valued at $6,662,000 after buying an additional 400 shares in the last quarter. Finally, Verus Capital Partners LLC increased its position in shares of Alphabet by 3.8% in the 4th quarter. Verus Capital Partners LLC now owns 118,664 shares of the information services provider’s stock valued at $37,142,000 after buying an additional 4,350 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal 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 dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 193,016 shares of company stock valued at $17,282,549 in the last three months. Corporate insiders own 11.61% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Truist Financial set a $430.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, May 29th. New Street Research boosted their price target on Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, June 5th. Cantor Fitzgerald boosted their price target on Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Wednesday, May 20th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $393.00 price target on shares of Alphabet in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $413.13.

Read Our Latest Research Report on GOOGL

Trending Headlines about Alphabet

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Alphabet Price Performance

NASDAQ:GOOGL opened at $356.38 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock’s 50-day simple moving average is $357.80 and its 200 day simple moving average is $329.64. The company has a market cap of $4.32 trillion, a P/E ratio of 27.18, a P/E/G ratio of 1.56 and a beta of 1.23. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is 6.71%.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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