Vision Capital Management Inc. Has $758,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Vision Capital Management Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 54.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,855 shares of the information services provider's stock after acquiring an additional 1,712 shares during the quarter. Vision Capital Management Inc.'s holdings in Alphabet were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in GOOG. Hutchinson Capital Management CA lifted its stake in Alphabet by 1.5% during the fourth quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider's stock worth $677,000 after purchasing an additional 54 shares during the period. Retirement Planning Co of New England Inc. lifted its stake in Alphabet by 0.4% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 15,977 shares of the information services provider's stock worth $3,043,000 after purchasing an additional 56 shares during the period. Concentrum Wealth Management increased its holdings in shares of Alphabet by 0.3% during the fourth quarter. Concentrum Wealth Management now owns 17,328 shares of the information services provider's stock worth $3,300,000 after buying an additional 57 shares in the last quarter. JDM Financial Group LLC increased its holdings in shares of Alphabet by 10.6% during the fourth quarter. JDM Financial Group LLC now owns 593 shares of the information services provider's stock worth $113,000 after buying an additional 57 shares in the last quarter. Finally, Kidder Stephen W increased its holdings in shares of Alphabet by 1.6% during the fourth quarter. Kidder Stephen W now owns 3,608 shares of the information services provider's stock worth $687,000 after buying an additional 58 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Kavitark Ram Shriram sold 10,500 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the transaction, the director directly owned 261,966 shares of the company's stock, valued at approximately $45,844,050. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $170.87, for a total transaction of $5,553,275.00. Following the completion of the transaction, the chief executive officer directly owned 2,620,196 shares of the company's stock, valued at approximately $447,712,890.52. The trade was a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 215,643 shares of company stock valued at $36,330,928 in the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.5%

GOOG traded up $2.61 during trading on Friday, reaching $181.31. 23,949,486 shares of the company's stock were exchanged, compared to its average volume of 21,450,262. The company's fifty day moving average price is $171.50 and its 200-day moving average price is $174.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The firm has a market capitalization of $2.20 trillion, a PE ratio of 20.21, a P/E/G ratio of 1.27 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same quarter in the previous year, the business earned $1.89 EPS. The firm's revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.21 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.46%. Alphabet's payout ratio is 9.36%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GOOG. Westpark Capital reaffirmed a "buy" rating and set a $210.00 price objective on shares of Alphabet in a report on Friday, April 25th. Susquehanna reaffirmed a "positive" rating on shares of Alphabet in a report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $220.00 price objective on shares of Alphabet in a report on Monday, June 2nd. Raymond James Financial reaffirmed an "outperform" rating on shares of Alphabet in a report on Wednesday. Finally, Citigroup reissued a "sell" rating on shares of Alphabet in a report on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and six have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $207.13.

About Alphabet

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.