Mar Vista Investment Partners LLC Sells 982 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Mar Vista Investment Partners LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,027 shares of the information services provider’s stock after selling 982 shares during the period. Mar Vista Investment Partners LLC’s holdings in Alphabet were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. Live Oak Investment Partners bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. bought a new stake in shares of Alphabet during the third quarter valued at approximately $38,000. IAG Wealth Partners LLC raised its position in shares of Alphabet by 100.0% during the first quarter. IAG Wealth Partners LLC now owns 400 shares of the information services provider’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $44,000. Institutional investors own 35.08% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 37,405 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $15.06, for a total value of $563,319.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the senior vice president now owns 127,028 shares of the company’s stock, valued at $15,282,738.68. The disclosure for this sale can be found here. Insiders sold a total of 153,813 shares of company stock valued at $7,380,379 over the last three months. 0.88% of the stock is owned by company insiders.

Alphabet Stock Up 0.2 %

NASDAQ:GOOGL opened at $136.17 on Friday. Alphabet Inc. has a 1-year low of $83.34 and a 1-year high of $138.00. The company has a 50-day moving average of $126.03 and a 200 day moving average of $114.21. The firm has a market cap of $1.72 trillion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The company had revenue of $74.60 billion during the quarter, compared to analyst estimates of $60.24 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. As a group, research analysts anticipate that Alphabet Inc. will post 5.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $140.00 price target on shares of Alphabet in a research report on Friday, August 11th. Truist Financial boosted their price target on shares of Alphabet from $122.00 to $160.00 in a research report on Wednesday, July 26th. Piper Sandler boosted their price target on shares of Alphabet from $140.00 to $148.00 in a research report on Wednesday, July 26th. Rosenblatt Securities boosted their price target on shares of Alphabet from $132.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Mizuho boosted their price target on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $143.89.

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