Vestor Capital LLC Has $50.75 Million Stock Position in Alphabet Inc. $GOOGL

Vestor Capital LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 4,577.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 287,986 shares of the information services provider’s stock after buying an additional 281,829 shares during the period. Alphabet makes up 1.5% of Vestor Capital LLC’s portfolio, making the stock its 12th largest holding. Vestor Capital LLC’s holdings in Alphabet were worth $50,752,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Gimbal Financial boosted its position in shares of Alphabet by 1.9% in the second quarter. Gimbal Financial now owns 2,776 shares of the information services provider’s stock valued at $489,000 after acquiring an additional 53 shares during the period. Missouri Trust & Investment Co grew its position in shares of Alphabet by 0.3% during the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider’s stock worth $2,981,000 after purchasing an additional 55 shares in the last quarter. Silver Coast Investments LLC increased its holdings in shares of Alphabet by 1.3% during the second quarter. Silver Coast Investments LLC now owns 4,317 shares of the information services provider’s stock worth $761,000 after purchasing an additional 55 shares during the period. AM Investment Strategies LLC raised its position in shares of Alphabet by 0.9% in the second quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider’s stock valued at $1,141,000 after buying an additional 57 shares in the last quarter. Finally, Bfsg LLC boosted its stake in shares of Alphabet by 0.6% in the second quarter. Bfsg LLC now owns 10,428 shares of the information services provider’s stock valued at $1,838,000 after buying an additional 59 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the transaction, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the sale, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. The trade was a 13.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 193,628 shares of company stock worth $50,942,622. Company insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GOOGL. Morgan Stanley upped their target price on Alphabet from $270.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Melius Research boosted their price target on Alphabet from $220.00 to $255.00 in a research note on Thursday, September 25th. Wedbush reissued an “outperform” rating and issued a $320.00 target price (up from $245.00) on shares of Alphabet in a report on Thursday, October 30th. Oppenheimer boosted their target price on shares of Alphabet from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, UBS Group reiterated a “neutral” rating and set a $306.00 price target (up previously from $255.00) on shares of Alphabet in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, forty-one have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.06.

Alphabet Price Performance

Shares of GOOGL opened at $317.62 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.83 trillion, a PE ratio of 31.32, a PEG ratio of 1.85 and a beta of 1.07. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $328.83. The business has a 50-day simple moving average of $274.65 and a two-hundred day simple moving average of $223.02.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%. Analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, December 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 8.28%.

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.