Aaron Wealth Advisors LLC Grows Position in Alphabet Inc. (NASDAQ:GOOGL)

Aaron Wealth Advisors LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,276 shares of the information services provider's stock after purchasing an additional 3,170 shares during the period. Alphabet makes up approximately 0.8% of Aaron Wealth Advisors LLC's holdings, making the stock its 21st biggest position. Aaron Wealth Advisors LLC's holdings in Alphabet were worth $6,867,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Lantz Financial LLC increased its position in shares of Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider's stock worth $842,000 after purchasing an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new stake in Alphabet in the 2nd quarter valued at about $218,000. Vista Finance LLC acquired a new stake in Alphabet in the 2nd quarter valued at about $229,000. Wedbush Securities Inc. boosted its stake in shares of Alphabet by 2.6% in the 2nd quarter. Wedbush Securities Inc. now owns 212,308 shares of the information services provider's stock valued at $38,672,000 after purchasing an additional 5,458 shares during the last quarter. Finally, Choreo LLC boosted its stake in shares of Alphabet by 128.0% in the 2nd quarter. Choreo LLC now owns 263,144 shares of the information services provider's stock valued at $48,138,000 after purchasing an additional 147,747 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GOOGL shares. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $180.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. Roth Mkm raised their target price on shares of Alphabet from $206.00 to $212.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Scotiabank upgraded shares of Alphabet to a "strong-buy" rating in a report on Friday, October 11th. Tigress Financial boosted their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 26th. Finally, Pivotal Research lifted their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $208.67.

Insider Activity at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now directly owns 330,466 shares in the company, valued at approximately $59,741,643.48. This represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock worth $24,368,654 over the last ninety days. Insiders own 11.55% of the company's stock.

Alphabet Trading Up 0.5 %

Shares of Alphabet stock traded up $1.02 on Wednesday, hitting $199.07. The stock had a trading volume of 9,974,715 shares, compared to its average volume of 22,481,398. The stock has a 50 day moving average of $185.07 and a 200 day moving average of $173.38. Alphabet Inc. has a twelve month low of $130.66 and a twelve month high of $202.29. The firm has a market capitalization of $2.44 trillion, a P/E ratio of 26.43, a PEG ratio of 1.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. During the same period in the prior year, the business posted $1.55 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet's payout ratio is presently 10.61%.

Alphabet 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.