Vise Technologies Inc. Acquires 37,690 Shares of Alphabet Inc. (NASDAQ:GOOGL)

by · The Markets Daily

Vise Technologies Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 55.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,113 shares of the information services provider’s stock after purchasing an additional 37,690 shares during the period. Alphabet comprises 1.7% of Vise Technologies Inc.’s portfolio, making the stock its 7th largest holding. Vise Technologies Inc.’s holdings in Alphabet were worth $19,898,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Alphabet by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 63,667,407 shares of the information services provider’s stock worth $10,559,240,000 after purchasing an additional 4,567,275 shares during the period. Regent Peak Wealth Advisors LLC boosted its position in Alphabet by 0.9% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 23,533 shares of the information services provider’s stock worth $4,455,000 after purchasing an additional 207 shares during the period. Wealth Group Ltd. boosted its position in Alphabet by 5.2% during the fourth quarter. Wealth Group Ltd. now owns 1,582 shares of the information services provider’s stock worth $299,000 after purchasing an additional 78 shares during the period. Capital & Planning LLC boosted its position in Alphabet by 34.3% during the fourth quarter. Capital & Planning LLC now owns 4,383 shares of the information services provider’s stock worth $830,000 after purchasing an additional 1,119 shares during the period. Finally, Joule Financial LLC boosted its position in Alphabet by 22.5% during the fourth quarter. Joule Financial LLC now owns 13,028 shares of the information services provider’s stock worth $2,466,000 after purchasing an additional 2,392 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 1,374 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $173.47, for a total value of $238,347.78. Following the transaction, the chief accounting officer now owns 15,024 shares in the company, valued at $2,606,213.28. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,054 shares of company stock worth $17,722,605. 11.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GOOGL has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Alphabet from $225.00 to $192.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Oppenheimer increased their price objective on Alphabet from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, April 25th. Westpark Capital reissued a “buy” rating and issued a $210.00 price objective on shares of Alphabet in a research report on Thursday, May 8th. Piper Sandler increased their price objective on Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, DZ Bank cut Alphabet from a “buy” rating to a “hold” rating and set a $198.00 price objective for the company. in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $199.75.

Get Our Latest Stock Analysis on Alphabet

Alphabet Stock Performance

Alphabet stock opened at $170.87 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a fifty day moving average price of $158.42 and a two-hundred day moving average price of $174.89. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The firm has a market capitalization of $2.07 trillion, a P/E ratio of 21.23, a P/E/G ratio of 1.34 and a beta of 1.01.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. As a group, analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.49%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

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

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