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Venture Visionary Partners LLC Purchases 7,348 Shares of Alphabet Inc. $GOOG

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Venture Visionary Partners LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 82,256 shares of the information services provider's stock after purchasing an additional 7,348 shares during the quarter. Venture Visionary Partners LLC's holdings in Alphabet were worth $12,851,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bowen Hanes & Co. Inc. grew its position in shares of Alphabet by 0.5% during the 1st quarter. Bowen Hanes & Co. Inc. now owns 44,353 shares of the information services provider's stock worth $6,929,000 after buying an additional 218 shares during the period. ZEGA Investments LLC lifted its stake in Alphabet by 173.3% during the 1st quarter. ZEGA Investments LLC now owns 26,684 shares of the information services provider's stock valued at $4,169,000 after acquiring an additional 16,920 shares in the last quarter. JT Stratford LLC lifted its stake in Alphabet by 5.4% during the 1st quarter. JT Stratford LLC now owns 3,357 shares of the information services provider's stock valued at $524,000 after acquiring an additional 173 shares in the last quarter. Andina Capital Management LLC bought a new position in Alphabet during the 1st quarter valued at $250,000. Finally, Texas Capital Bank Wealth Management Services Inc lifted its stake in Alphabet by 38.1% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,273 shares of the information services provider's stock valued at $2,074,000 after acquiring an additional 3,665 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares of the company's stock, valued at approximately $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 254,719 shares of company stock worth $47,223,172 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Price Performance

GOOG stock traded up $6.10 during mid-day trading on Friday, reaching $206.72. 25,647,041 shares of the company traded hands, compared to its average volume of 23,736,467. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $2.50 trillion, a P/E ratio of 22.01, a P/E/G ratio of 1.35 and a beta of 1.02. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $209.23. The company has a fifty day moving average price of $187.09 and a 200-day moving average price of $174.87.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.89 EPS. As a group, analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is presently 8.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GOOG shares. BNP Paribas cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Cantor Fitzgerald reiterated a "neutral" rating and set a $171.00 target price on shares of Alphabet in a research note on Friday, April 25th. Lake Street Capital reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Roth Capital reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $215.19.

Get Our Latest Stock Analysis on Alphabet

Alphabet Company 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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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