Vantage Financial Partners Ltd. Inc. Has $1.34 Million Stake in Alphabet Inc (GOOG)

Vantage Financial Partners Ltd. Inc. increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 87.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,580 shares of the information services provider’s stock after purchasing an additional 1,200 shares during the quarter. Alphabet accounts for 0.9% of Vantage Financial Partners Ltd. Inc.’s holdings, making the stock its 13th biggest holding. Vantage Financial Partners Ltd. Inc.’s holdings in Alphabet were worth $1,341,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burt Wealth Advisors grew its position in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Almanack Investment Partners LLC. grew its position in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the last quarter. St. Johns Investment Management Company LLC grew its position in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the last quarter. Finally, Catamount Wealth Management grew its position in Alphabet by 5.8% in the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 10 shares during the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc (GOOG) opened at $1,122.26 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market capitalization of $782,650.00, a price-to-earnings ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,124.29.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $9.06 EPS.

In other Alphabet news, Director L John Doerr sold 12,236 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at $3,560,171.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 38 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the sale, the director now owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $37,877,147 over the last 90 days. 13.92% of the stock is currently owned by company insiders.

Several equities analysts have commented on the company. SunTrust Banks upped their price objective on Alphabet to $1,250.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday. Vetr downgraded Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective on the stock. in a research report on Wednesday, January 10th. BidaskClub raised Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. Finally, Piper Jaffray Companies upped their price objective on Alphabet from $1,150.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,052.31.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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