Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 639,636 shares of the information services provider's stock after purchasing an additional 34,388 shares during the quarter. Alphabet accounts for 4.1% of Mar Vista Investment Partners LLC's holdings, making the stock its 7th biggest holding. Mar Vista Investment Partners LLC's holdings in Alphabet were worth $90,144,000 as of its most recent filing with the SEC.

• Baidu Stock Earnings Prove Ray Dalio Right about China?

A number of other hedge funds also recently modified their holdings of GOOG. Bruce G. Allen Investments LLC bought a new stake in Alphabet during the fourth quarter worth $26,000. Partnership Wealth Management LLC acquired a new position in Alphabet during the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC bought a new position in shares of Alphabet in the fourth quarter worth about $28,000. Buck Wealth Strategies LLC acquired a new stake in shares of Alphabet in the 3rd quarter valued at approximately $32,000. Finally, Barometer Capital Management Inc. bought a new stake in shares of Alphabet during the 3rd quarter valued at approximately $32,000. Institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 48,076 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total value of $6,836,407.20. Following the transaction, the insider now owns 12,725 shares in the company, valued at $1,809,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the transaction, the chief accounting officer now directly owns 28,602 shares of the company's stock, valued at $3,903,886.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 48,076 shares of Alphabet stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $142.20, for a total value of $6,836,407.20. Following the sale, the insider now owns 12,725 shares in the company, valued at $1,809,495. The disclosure for this sale can be found here. In the last quarter, insiders have sold 276,511 shares of company stock valued at $41,234,695. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

• 3 Small Cap Techs Gaining Traction for Investors

A number of analysts have weighed in on GOOG shares. Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Morgan Stanley restated an "overweight" rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Stifel Nicolaus increased their target price on Alphabet from $154.00 to $174.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. Susquehanna boosted their price target on Alphabet from $150.00 to $170.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. Finally, Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, April 8th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and an average target price of $165.67.

View Our Latest Report on GOOG

Alphabet Trading Up 1.1 %

• The Real Reason Michael Burry is Buying Physical Gold

Shares of GOOG stock traded up $1.86 on Friday, hitting $177.29. The company had a trading volume of 16,546,353 shares, compared to its average volume of 22,773,608. Alphabet Inc. has a twelve month low of $115.83 and a twelve month high of $177.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market cap of $2.19 trillion, a P/E ratio of 27.19, a P/E/G ratio of 1.32 and a beta of 1.02. The stock's 50-day moving average is $158.64 and its two-hundred day moving average is $146.56.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.38. The firm had revenue of $80.54 billion for the quarter, compared to analysts' expectations of $78.75 billion. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 7.7 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. Alphabet's payout ratio is presently 12.27%.

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

Featured Articles

• Five stocks we like better than Alphabet
• Dividend Screener: How to Evaluate Dividend Stocks Before Buying
• MarketBeat Week in Review – 5/13 - 5/17
• How to Find Undervalued Stocks
• Take-Two Interactive Software Offers 2nd Chance for Investors
• Procter & Gamble NYSE: PG Pulls Back After Shaky Guidance
• Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Bible Shocker: Have You Seen Elon Musk’s Miracle? (From InvestorPlace) (Ad)

Should you invest $1,000 in Alphabet right now?

Before you consider Alphabet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.

While Alphabet currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here